1. Exxon Inc. currently pays no dividends, but the firm will begin paying dividends in 3 years. The first dividend will be $2,50 and dividends are ex pected to grow at 2% thereafter. If the required return on the stock is 6%, what should the stock sell for today? (1) $51.85 (2) $53,53 (3) $55,62 (4) $58,27 (5) $61.13