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Suppose the goddess tells you the following information about a stock: Year Dividend 1 $2 2 $3 3 $5 She also tells you that the

image text in transcribedSuppose the goddess tells you the following information about a stock: Year Dividend 1 $2 2 $3 3 $5 She also tells you that the stock will sell for $57 at three years from now. If you require a 8% return to invest in this stock, what is the most you would be willing to pay for it today? answer to 2 decimal places, for example 49.12.

Suppose the goddess tells you the following information about a stock: Year Dividend 1 $2 2 $3 3 $5 She also tells you that the stock will sell for $57 at three years from now. If you require a 8% return to invest in this stock, what is the most you would be willing to pay for it today? answer to 2 decimal places, for example 49.12

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