Assume the anticipated growth rate in dividends is constant RMCO inc. The expected value of the firms stock at year 4 (P4) is:

1. D₅/(r-g)
2. P₀ * (1+g)⁴
3. D₀* (1+g)/(r-g)

Multiple Choice:

a) 1 only

b) 2 only

c) 1 and 2 only

d) 1 and 3 only