Stock XYZ has a current dividend of $7.00 Growth in dividends from today to period 1 = 81 8.00% Growth in dividends from period 1 to period 2 = g2 6.00% Growth in dividends from period 2 to period 3 = g3 5.00% Growth from period 3 onward (Normal growth) g = 3.00% Based on the riskiness for XYZ company, the discount rate for its stock is Rs = 6.00% What is the price of this stock in period 1? $288.89 $263.89 $272.16 $280.48