Nile announced that they will pay their first dividend of $10 on their common stock in a year (d1). analysts think dividends will grow by 40% in year 2, by 30% in year 3, and by 20% in year 4 before settling into a constant growth rate of 10% in year 5 and beyond. what is the value of nile’s stock today based on this information if the required return is 14%?

Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700