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General Importers announced that it will pay a dividend of $3.25 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 $3.25 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 4 years. Then, 6 years from today, the company will begin paying an annual dividend of $1.35 forever. The required return is 10.6 percent. What is the price of the stock today? Multiple Choice $11.45 $9.90 $2.94 (0) $10.63 S1274

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