This is a Growing perpetuity formula. The stock of a firm will pay a d

This is a Growing perpetuity formula. The stock of a firm will pay a dividend of $5.1 a year from now. The dividend paid by the firm will increase at a rate 2% every year. The dividends are discounted at a rate of 9.30% every year. What is the price of the stock today?

This is a Growing perpetuity formula. The stock of a firm will pay a d

This is a Growing perpetuity formula. The stock of a firm will pay a dividend of $5.1 a year from now. The dividend paid by the firm will increase at a rate 2% every year. The dividends are discounted at a rate of 9.30% every year. What is the price of the stock today?