A firm just paid its annual dividend of $1.80 and expects to increase that dividend each year. The discount rate is 11 percent. Which one of these correctly identifies an error when computing the current value of this firm's stock? Click the answer you think is right. P. = $1.80/(0.11 -0.03): The growth rate exceeds its limitation. P = ($1.80 x 1.12(0.11 -0.03); The growth rate in the denominator should be 12 percent to match the growth rate in the numerator. P. = ($1.80 x (1 +.09)[0.11 -.09); The growth rate exceeds it limitation for using this formula P. = $1.80/(0.11 -0.025); The value of D, is incorrect as $1.80 equals D, Do you know the answer? Read about this I know it Think so Unsure No idea 1 items left 5