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Imagine that Badger Championship, LLC is going to pay a dividend of $21 this year, $25 next year (i.e., in year 2), and $30 the

Imagine that Badger Championship, LLC is going to pay a dividend of $21 this year, $25 next year (i.e., in year 2), and $30 the year after that (i.e., in year 3). You know that it has a discount rate of 12%. What is the price of Badger Championship stock right now?

$60.03

$21

$30

$67.85

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