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Given the information in the table, what is the price of the stock in YEAR 1? Todays Dividend $3.90 Discount Rate 9.46% Growth rate in
Given the information in the table, what is the price of the stock in YEAR 1?
| Todays Dividend | $3.90 |
| Discount Rate | 9.46% |
| Growth rate in dividends 0 to 1 | 9.62% |
| Growth rate in dividends 1 to 2 | 7.12% |
| Growth rate in dividends 2 to 3 | 5.23% |
| Growth rate in dividends 3 onward | 4.79% |
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