The dividend for Should I, Inc., is expected to grow at 21 percent for the next 12

Question:

The dividend for Should I, Inc., is expected to grow at 21 percent for the next 12 years before leveling off at a 5 percent rate indefinitely. If the firm just paid a dividend of $1.40 and you require a return of 13 percent on the stock, what is the most you should pay per share?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...