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Could you please show how the last two answers were found with formulas and calculations. Thank you! Consider a stock that will have dividends in

Could you please show how the last two answers were found with formulas and calculations. Thank you!

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Consider a stock that will have dividends in the next three periods of $1.42, $1.65, and $1.70, respectively. The interest rate is 10%. 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. Answer: 3.03% If the growth rate is expected to be 3.03% indefinitely, what is the price of the stock in period 2? Answer: 24.39 Using the correct answers from the previous questions, what is the price today? Answer: 22.81

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