A stock is expected to pay a dividend of $2 in year 2, $3 in year 3, and sell for $40 at the end of year 3. The discount rate is 11 percent. Which one of these is the correct formula for computing the current stock price? Click the answer you think is right. P. = $2 + [($3 + $40)/1.11'] P. - $2/1.11* + ($3+ $40/1.11") P = $2/1.11 + [($3 + $40)/1.113 P = $2/1.11 + $3/1.112 + $40/1.11 Read about this Do you know the answer? I know it Think so Unsure No idea