- 12. You forecast that Rhino company will pay dividends of $5 at the end of the first year (D = $5). The dividend will double in the second year (D2 = $10). After the second year, dividends will then grow at an annual rate of 5% (For example, D3 = $10.5,...). What is the current price of the Rhino stock when the required/expected return is 15%?

12. You forecast that Rhino company will pay dividends of $5 at the end of the first year (D1=$5). The dividend will double in the second year (D2=$10). After the second year, dividends will then grow at an amual rate of 5% (For example, D3=$10.5, ). What is the current price of the Rhino stock when the required/expected return is 15%