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Given the information in the table, what is the price of the stock in YEAR 1? Today's Dividend $3.19 Discount Rate 7.45% Growth rate in

Given the information in the table, what is the price of the stock in YEAR 1?

Today's Dividend

$3.19

Discount Rate

7.45%

Growth rate in dividends0 to 1

7.12%

Growth rate in dividends1 to 2

7.25%

Growth rate in dividends2 to 3

5.40%

Growth rate in dividends 3onward

4.65%

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