Parker and Smith recently paid $1.80 per share on its stock. The dividends are expected to grow at 6% indefinitely. If investors require a 10% return on the stock, what is the current price? What is the expected dividend in three years?

Question

Parker and Smith recently paid $1.80 per share on its stock.   The dividends are expected to grow at 6% indefinitely.    If investors require a 10% return on the stock, what is the current price? What is the expected dividend in three years?

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The Answer of Parker and Smith recently paid $1.80 per share on its stock.   The dividends are expected to grow at 6% indefinitely.    If investors require a 10% return on the stock, what is the current price? What is the expected dividend in three years?

Parker and Smith Recently Paid $1 $$198 B)​$44

Parker and Smith Recently Paid $1 $$198
B)$44