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14 Company Alpha is expected to pay a dividend in year 1 of $2.2, a dividend in year 2 of $3.63, and a dividend in

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14 Company Alpha is expected to pay a dividend in year 1 of $2.2, a dividend in year 2 of $3.63, and a dividend in year 3 of $5. After year 3, dividends are expected to grow at the rate of 6% per year forever. An appropriate required return for the stock is 10%. Using the multistage DDM, the stock should be worth around today. Your choice: 14/25 Qs $142.74 $141.26 $187.09 $108.31

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