QUESTION 9 Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.3, a dividend in year 2 of $2.7, and a dividend in year 3 of $3.4. After year 3, dividends are expected to grow at the rate of 4.9% per year. An appropriate required return for the stock is 14%. Using the multistage dividend discount model, what should be the price of the stock today