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3. Fairfax Paint stock is expected to pay a dividend of 5.27 dollars in 1 year and a dividend of 3.73 dollars in 2 years.
3. Fairfax Paint stock is expected to pay a dividend of 5.27 dollars in 1 year and a dividend of 3.73 dollars in 2 years. The stock is currently priced at 79.3 dollars and is expected to be priced at 86.71 dollars in 1 year. What is the price of Fairfax Paint stock expected to be in 2 years? The stocks dividend is paid annually and the next dividend is expected in 1 year.
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