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Problem 14 * You have until 7:54 PM to complete this assignment. Intro A stock is expected to pay its first annual dividend in 5

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Problem 14 * You have until 7:54 PM to complete this assignment. Intro A stock is expected to pay its first annual dividend in 5 years. The dividend is expected to stay constant at $1.9 per year for 22 years and then grow at 5% annually forever. The required rate of return is 13%. (hint: non-standard dividends; two-stage) 1 Attempt 1/3 for 10 pts. Part 1 What should be the stock price now? k+ decimals Submit

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