George Franks can buy shares of Able Inc for $55.50. George expects dividends to be $2.00 in one year and $3.00 in year 2 and $5.00 in year 3, and he expects to sell the stock for $57.00 in three years. What is the price George would be willing to pay and should he buy this company's stock? George feels that 8 percent is the appropriate required rate of return. SHOW YOUR WORK T Arial 3 (12pt) Path: p Words:0