A stock will pay a 1 dollar dividend in year 1, then they will pay a...

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A stock will pay a 1 dollar dividend in year 1, then they will pay a $1.5 dividend in year 2, at which point the dividend will grow at 4% each year. If the required return is 14%, what is the price of the stock? 14.04 A stock will pay a 1 dollar dividend in year 1, then they will pay a $1.5 dividend in year 2, at which point the dividend will grow at 4% each year. If the required return is 14%, what is the price of the stock? 14.04