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Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.3, a dividend in year 2 of $2.5, and a
Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.3, a dividend in year 2 of $2.5, and a dividend in year 3 of $3.2. After year 3, dividends are expected to grow at the rate of 3.3% per year. An appropriate required return for the stock is 11%. Using the multistage dividend discount model, what should be the price of the stock today?
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