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Easttown Productions is expected to pay an annual dividend next year of $3.25 a share, a dividend in Year 2 of $3.61, a dividend in
Easttown Productions is expected to pay an annual dividend next year of $3.25 a share, a dividend in Year 2 of $3.61, a dividend in Year 3 of $4.00, a dividend in Year 4 of $4.44, a dividend in Year 5 of $4.93, and a dividend in Year 6 of \$5.48. Thereafter dividends are expected to grow at a constant rate of 3.2 percent annually. What is the price of Easttown Productions' stock given a required return of 14 percent. A. $32.61 B. \$35.65 C. $41.83 D. \$28.49 E. $39.87
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