3. What would you pay today for a stock that is expected to make a $2 dividend in one year if the expected dividend growth rate is 5% and you require a 12% return on your investment? [P=D1/(R-g), D1=2] A) $28.57 B) $29.33 C) $31.43 D) $43.14 E) $54.30

What would you pay today for a stock that is expected to make a $2 dividend in one year if the expected dividend growth rate is 5% and you require a 12% return on your investment? [P=D1/(Rg),D1=2] A) $28.57 B) $29.33 C) $31.43 D) $43.14 E) $54.30