Wyatt oil presently pays no dividend. you anticipate wyatt oil will pay an annual dividend of $0.56 per share two years from today and you expect dividends to grow by 4% per year thereafter. if wyatt oil's equity cost of capital is 12%, then the value of a share of wyatt oil today is:

The value of a share of Wyatt Oil today is %6.25.

Explanation:

Value after of a share year 2 = (D2*Growth rate)/(Cost of capital-Growth rate)

                        = (0.56×1.04)/(0.12-0.04)

                       = $7.28  

the current value = Future dividends×Present value of discounting factor(12%,time period)

=0.56/[(1.12)^2] + 7.28/[(1.12)^2]

= $6.25

Therefore, the value of a share of Wyatt Oil today is %6.25.

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