Homework #3 FIN 6300-601 Financial Administration Homework #3 Due on or before Thursday, February 21, 2019 PRINT the following information on your Homework assignment Last Name, First Name, Please and Homework number. Also, please staple your homework before turning it in. Procter&Gamble is expected to pay a dividend of S3 per share on their common stock next year (D), and dividends are then expected to grow at 4% rate forever into the future? The appropriate discount rate is 9%. What is the current value of Procter & Gamble stock? In addition to the regular dividends, Procter& Gamble recently announced that it will pay two special dividends of $4 in each of the next two years. What is the value of the stock? a) b)