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An analyst expects that Frog Leap Inc. will pay a dividend of $.43,$.48,$.63, and $.93 a share annually for the first four years, respectively. After

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An analyst expects that Frog Leap Inc. will pay a dividend of $.43,$.48,$.63, and $.93 a share annually for the first four years, respectively. After that, dividends are projected to increase by 3.1% per year. Assume a required return of 12%, the analyst estimates a value of for one share of this stock today. $11.11 $2.16 $10.77 $11.20 $8.65

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