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Aston Asphalt Inc is expected to pay an annual dividend next year of $2.45 a share, a dividend in Year 2 of $2.65, a dividend

Aston Asphalt Inc is expected to pay an annual dividend next year of $2.45 a share, a dividend in Year 2 of $2.65, a dividend in Year 3 of $2.86, a dividend in Year 4 of $3.09, and a dividend in Year 5 of $3.33. Thereafter dividends are expected to grow at a constant rate of 2.25 percent annually. What is the price of Media Music stock given a required return of 10.5 percent?

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Aston Asphalt Inc is expected to pay an annual dividend next year of $2.45 a share, a dividend in Year 2 of $2.65, a dividend in Year 3 of $2.86, a dividend in Year 4 of $3.09, and a dividend in Year 5 of $3.33. Thereafter dividends are expected to grow at a constant rate of 2.25 percent annually. What is the price of Media Music stock given a required return of 10.5 percent. O A. $35.65 O B. $39.19 O c. $45.73 OD. $28.49 O E. $40.55

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