Using the Dividend Discount Model, what is the present value of dividends given an initial dividend amount of $ increasing each year at a rate of % with a yield rate of %? Practice Problem

Enter 3 items below

<-- Dividend
% <-- Yield Rate
% <-- Div. Inc.

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The following practice problem has been generated for you:
Using the Dividend Discount Model, what is the present value of dividends given an initial dividend amount of $14.00
increasing each year at a rate of 2% with a yield rate of 9%?