(7-7) Boehm Incorporated is expected to pay a 51.50 per share dividend at the end of this year Constant Dividend (i.e, D 1 = $1.50 ). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r 0 , is 13% . What is the estimated value per share of Boehm's stock? .

1. (7-7) Boehm Incorporated is expected to pay a 51.50 per share dividend at the end of this year
Constant Dividend (i.e, D 1 = $1.50 ). The dividend is expected to grow at a constant rate of 6%
a year. The required rate of return on the stock, r 0 , is 13% . What is the estimated value per
share of Boehm's stock?