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A firm is expected to pay a $2 dividend in year 1 , a $3 dividend in year 2 , a $4 dividend in year

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A firm is expected to pay a $2 dividend in year 1 , a $3 dividend in year 2 , a $4 dividend in year 3, and a $4.50 dividend in year 4 . Dividends are expected to grow 3.50% per year thereafter. Investors require a 11.50% return. What should the stock be worth today? Multiple Choice $10.00 $4767 $68.22 $40.57

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