A stock is expected to pay a dividend of $1 2 one year from now, $1 7 two years from now, and $2 4 three years from now The growth rate in dividends after that point is expected to be 8 annually The required return on the stock is 15 The estimated price per share of the stock six years from now should be $ Margin of error for correct responses 10 Rounding and Formatting instructions Do not enter dollar signs, percent signs, commas, X, or any words in your response Do not round any intermediate work, but round your final response to 2 decimal places (example if your answer is 12 3456,12 3456 , or 12 3456, you should enter 12 35 )

Question

A stock is expected to pay a dividend of $1 2 one year from now, $1 7 two years from now, and $2 4 three years from now  The growth rate in dividends after that point is expected to be 8  annually  The required return on the stock is 15   The estimated price per share of the stock six years from now should be $ Margin of error for correct responses     10 Rounding and Formatting instructions  Do not enter dollar signs, percent signs, commas, X, or any words in your response  Do not round any intermediate work, but round your  final  response to 2 decimal places (example  if your answer is 12 3456,12 3456 , or 12 3456, you should enter 12 35 )

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Question

A stock is expected to pay a dividend of $1.2 one year from now, $1.7 two years from now, and $2.4 three years from now.

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