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Question 37 (0.2 points) Suppose a firm's expected dividends for the next three years are as follows: D1 $1.10, D2 = $1.20, and D3 =

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Question 37 (0.2 points) Suppose a firm's expected dividends for the next three years are as follows: D1 $1.10, D2 = $1.20, and D3 = $1.30. After three years, the firm's dividends are expected to grow at 5.00 percent per year. What should the current price of the firm's stock (PO) be today if investors require a rate of return of 12.00 percent on the stock? (Do not round intermediate calculations. Round off final answer to the nearest $0.01)

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