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Big Tent Company just paid a dividend of $3.70. The growth rate in dividends is expected to be 17 percent per year for the next

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Big Tent Company just paid a dividend of $3.70. The growth rate in dividends is expected to be 17 percent per year for the next three (3) years and then the dividend growth rate is expected to decline to a constant 6 percent thereafter. If the required rate of return is 13 percent, what is the value of this stock at the end of year 3? Multiple Choice $9442 $85.21 $87.45 $9206 $89.74

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