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Question 7 2 pts A stock is expected to pay a dividend of $1.1 one year from now, $1.6 two years from now, and

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Question 7 2 pts A stock is expected to pay a dividend of $1.1 one year from now, $1.6 two years from now, and $2.3 three years from now. The growth rate in dividends after that point is expected to be 9% annually. The required return on the stock is 15%. The estimated price per share of the stock six years from now should be $ Margin of error for correct responses: +/- .10 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35).

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