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A share of stock is expected to pay a dividend of $1.25 in Year 1. $2.00 in Year 2. $3.25 in Year 3. $5.00 in

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A share of stock is expected to pay a dividend of $1.25 in Year 1. $2.00 in Year 2. $3.25 in Year 3. $5.00 in Year 4, and then to grow at an annual rate of 5.0 percent per year. Investors require a 12.0 percent return for this stock. Given this information, determine what the price of this stock should be at Year 21. $199.00 $171.90 $208.95 $189.52 $180.50

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