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is what I did okay ? the answer would be none since D3 is 1.80711 22. The stock of Lighting McQueen will pay a dividend

is what I did okay ?
the answer would be none since D3 is 1.80711
image text in transcribed
22. The stock of Lighting McQueen will pay a dividend of $1.15 in one yean The stock is selling for $24.0 today and the required rate of return is 11.22%. If the dividend grows at a constant growth rate forever and the DDM model is a correct model. The stock will pay a dividend of $ - a. 1.15 in three years

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