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Consider a stock that will have dividends in the next three periods of $1.23, $1.38, and $1.44, respectively. The interest rate is 14%. What is
Consider a stock that will have dividends in the next three periods of $1.23, $1.38, and $1.44, respectively. The interest rate is 14%. What is the growth rate of the dividend in period 3? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES. 4.35 Correct response: 4.35+0.01% Click "Verify" to proceed to the next part of the question. If the growth rate is expected to be 4.35% indefinitely, what is the price of the stock in period 2? Enter your response below rounded to 2 DECIMAL PLACES. Number
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