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A stock is expected to pay a dividend of $1.2 one year from now, $1.7 two years from now, and $2.1 three years from now.

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A stock is expected to pay a dividend of $1.2 one year from now, $1.7 two years from now, and $2.1 three years from now. The growth rate in dividends after that point is expected to be 7% annually. The required return on the stock is 12%. 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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