declining products

Declining Products Corporation produces goods that are ve pay a dividend in year 1 of $1.24, a dividend of $114 in year 2, and a dividend of $109 in year 3. After year 3, dividends are expected to decline at a rate of 2% per year. An appropriate required rate of return forthe stock is 8%. ry mature in their product life cycles. Declining Products is expected to What should the stock be worth after three years? (Round your answer to 4 decimal places.) Stock pice S 10 6820 $ 10.6820