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Hana Corp estimated the following data: The dividend will grow as follows year growth rate 1 8% 2 8% 3 6% 4 to n 4%

Hana Corp estimated the following data:
The dividend will grow as follows
year growth rate
1 8%
2 8%
3 6%
4 to n 4%
Rate of return 6%
Last dividend paid $0.10
Find expected price for year two, E(P2)
1. Between $6.40 and $6.50
2. Between $5.40 and $5.50
3. Between $5.50 and $6.05
4. Between $6.05 and $6.40
5. Less than $4.00

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