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Problem 7-27 Nonconstant Growth (LO2) You expect a share of stock to pay dividends of $1.90,$2.35, and $3.00 in each of the next 3 years.

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Problem 7-27 Nonconstant Growth (LO2) You expect a share of stock to pay dividends of $1.90,$2.35, and $3.00 in each of the next 3 years. You believe the stock will sell for $26.00 at the end of the third year. a. What is the stock price if the discount rate for the stock is 20% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What is the dividend yleld for year 1 ? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. c. What will be the dividend yield at the start of year 2 ? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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