Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $1, a dividend in year 2 of $2, and a dividend in year 3 of $4. After year 3, dividends are expected to grow at the rate of 5% per year. An appropriate required return for the stock is 10%. Using the multistage DDM, the stock should be worth ________ today.

Question 29 options:

	70.41
	51.61
	48.04
	49.73