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Planned Obsolescence has a product that will be in vogue for six years, at which point the firm will close up shop and liquidate the

image text in transcribed Planned Obsolescence has a product that will be in vogue for six years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV 1=$3.75, DIV 2=$1.75, and DIV 3=$1.75, DIV 4=$1.25, DIV 5=$3.75,DIV6=$1.25 What is the expected stock price in year 3 if the discount rate is 8% ? (Do not round Intermedlete colculatlons. Round your onswer to 2 declmol places.) Stock price in year 3 What is the price an investor is willing to spend on the stock if the investor plans to hold the stock for three years? Today's stock price $

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