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Company A's stock is currently trading at $30 per share. The stock is expected to pay a $2 dividend in year 1 , a $3

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Company A's stock is currently trading at $30 per share. The stock is expected to pay a $2 dividend in year 1 , a $3 dividend in year 2, and $X dollar dividends each year starting in year 3 . The required rate of return on the stock is 10% per year. What is the amount of the dividend X ? A) $1.43 B) $2.54 C) $1.58 D) $3.11

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