J& j exporters paid a $1.80 per share annual dividend last month. the company is planning on paying $2.00, $2.50, $2.75, and $3.00 a share over the next four years, respectively. after that the dividend will be constant at $3.20 per share per year. what is the market price of this stock if the market rate of return is 13 percent?

The market price of this stock is $22.57.

In this question, we ignore last year's dividend of $1.80 as it is irrelevant.

We compute the Present Value (PV) of the dividends of each of the following four years as follows:

Next, we calculate the PV of dividends from the 5 year onwards. Here dividend is constant at $3.20 and is expected to be paid for ever. The PV of a perpetuity at the end of year 4 is:

The value of a perpetual dividend of $3.20 at the end of year 4 is $24.61538462  

Next we find the PV of the value of perpetual dividend as follows:

Market price of the stock = $22.57069872

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;