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Investors require a 15% rate of return on Levine Company's stock (i., rs = 15%). nWhat is its value if the previous dividend was D0 = $2.

Investors require a 15% rate of return on Levine Company's stock (i.e., rs = 15%).


nWhat is its value if the previous dividend was D0 = $2.25 and investors expect dividends to grow at a constant annual rate of (1) -7%, (2) 0%, (3) 3%, or (4) 10%? Do not round intermediate calculations. Round your answers to two decimal places.



(1) $

(2) $

(3) $

(4) $

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