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General Importers announced that it will pay a dividend of $3.60 per share one year from today. After that, the company expects a slowdown in

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General Importers announced that it will pay a dividend of $3.60 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 7 years. Then, 9 years from today, the company will begin paying an annual dividend of $170 forever. The required return is 11.3 percent. What is the price of the stock today? Multiple Choice $3 23 $10.35 O $9.62 $897 $15.04

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