Consider a stock that will have dividend growth rates in the next three periods of $13\%,9\%,$ and $4\%,$ respectively. The third growth rate remains forever. The company just paid a dividend, D$0,$ of $$1\mathrm{.}285.$ The interest rate is $12\%.$ How much are the dividends in periods $1,2,$ and $3?$ Enter your answers rounded to $2$ DECIMAL PLACES.

D$1=$

$1\mathrm{.}45$

Correct response: $1\mathrm{.}45\backslash$pm $0\mathrm{.}01$

D$2=$

$1\mathrm{.}58$

Correct response: $1\mathrm{.}58\backslash$pm $0\mathrm{.}01$

D$3=$

$1\mathrm{.}65$

Correct response: $1\mathrm{.}64\backslash$pm $0\mathrm{.}01$

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Using $1\mathrm{.}64$ as the dividend in period $3,$ what is the price of the stock at time $2?$

Enter your response below rounded to $2$ DECIMAL PLACES.

Number

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