Gerard Consolidated's last annual dividend was $1.40. The dividend is expected to grow by 20% this year, 16% next year, 12% the year after next and 8% from the following year forward. If the required return on Gerard's common stock is 13.50%, what is the intrinsic value of Gerard's common stock?

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The Answer of Gerard Consolidated's last annual dividend was $1.40. The dividend is expected to grow by 20% this year, 16% next year, 12% the year after next and 8% from the following year forward. If the required return on Gerard's common stock is 13.50%, what is the intrinsic value of Gerard's common stock?

Gerard Consolidated's Last Annual Dividend Was $1