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Given the information in the table, what is TODAYs price of the stock? Todays Dividend $3.48 Discount Rate 5.00% Growth rate in dividends 0 to

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

Todays Dividend

$3.48

Discount Rate

5.00%

Growth rate in dividends 0 to 1

1.00%

Growth rate in dividends 1to 2

4.00%

Growth rate in dividends 2 to 3

7.00%

Growth rate in dividends 3 onward

4.00%

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