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A stock is expected to pay the following dividends: $1.1 in 1 year, $1.7 in 2 years, and $2.0 in 3 years, followed by growth
A stock is expected to pay the following dividends: $1.1 in 1 year, $1.7 in 2 years, and $2.0 in 3 years, followed by growth in the dividend of 5% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year 0 ) 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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