;_qEDE1********************* STOCKVAL1 ********************* +;@,;@, &&  ŠƠŠƠ )) !WHEN AN INVESTOR BUYS A STOCK HE #,, $HOPES FOR SOME FUTURE RETURN, EITHER(++ #THROUGH DIVIDENDS OR CAPITAL GAINS.--- %HOWEVER STOCKHOLDERS IN GENERAL, OVER2-- %THE LONG HAUL,ONLY GET CASH DIVIDENDS7++ #MANY WHO SUBSCRIBE TO THE PRECEDING<((  BELIEVE THAT ANY STOCK VALUATIONA-- %MODEL SHOULD CONSIDER ONLY DIVIDENDS.F** "SUCH IS THE MODEL OF THIS PROGRAM.K)) !WE SHALL ASSUME THAT WE KNOW THE P,, $PRICE OF A SHARE OF A CERTAIN STOCK,U-- %THE PRESENT ANNUAL CASH DIVIDEND, ANDW-- %AN EXPECTED GROWTH RATE FOR DIVIDENDSZ++ #WHICH WE ASSUME LASTS INDEFINATELY.\** "FROM THIS DATA WE GET OUR EXPECTED^,, $RATE OF RETURN ON INVESTMENT FOR THE_ STOCK.` a)% ENTER ANY CHARACTER TO BEGIN)d +i5 A5 #THE PRESENT PRICE OF 1 SHARE OF THEn STOCK Bx@ A 2  THE PRESENT ANNUAL CASH DIVIDEND6@ BC A05 #EXPECTED RATE OF DIVIDEND GROWTH(%)9C B6-'A6-$+@%,'% ;+ #EXPECTED LONG RUN RATE OF RETURN = ; A$% 0, #ENTER ANY CHARACTER FOR MORE STOCKS0 A D:STOCKVAL