Q No. 2 Being a newly appointed analyst at Credit Suisse, one of your prime role is to facilitate the Global head of valuations in providing detailed and timely analysis. The next meeting is being scheduled for the upcoming Saturday, and you are required to calculate the price of a few stocks and provide their valuations. The information is mentioned below:

1. What would be the expected price of Travelers stock today, given the streams of future dividends of $4 for next 3 years, having ZERO growth rate, and 10% required rate of return? (2 Marks)