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Given the information in the table, what is TODAYs price of the stock? Todays Dividend $4.80 Discount Rate 4.00% Growth rate in dividends 0 to

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

Todays Dividend

$4.80

Discount Rate

4.00%

Growth rate in dividends 0 to 1

5.00%

Growth rate in dividends 1to 2

2.00%

Growth rate in dividends 2 to 3

6.00%

Growth rate in dividends 3 onward

5.00%

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