1. Suppose that investors expected a stock to pay the following dividends over the next 8 quarters. And its stock price 8 quarters from now is expected to equal $320. (Put those values in the timeline below). What price would the stock trade for today if the quarterly required return was 2%?

to t1 t2 t3 t4 t5 t6 t7 t8 (quarterly periods)

1.56 1 .56 1.56 1.62 1.62 1.62 1.62 1.68