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Ace Frisbee Corporation produces a good that is very mature in the firm's product life cycles Ace Frisbee Corporation is expected to pay a dividend in year 1 of $3, a dividend in year 2 of 52 and a dividend in year 3 of 51. After year 3, dividends are expected to decline at the rate of 59 per year This company's beta is 0.7. the market expected return is 18%, and the risk free rate is 196. We try to use the multistage DOM model to calculate the stock price. Thus, the appropriate discount rate should be Using the multistage DOM, the stock should be worth today The discount rate is 12.9% I The stock price is $14.16. The discount rate is 13.9% The stock price is $11.42 The discount rate is 13.9% The stock price is $14.16, The discount rate is 12.9% The stock price is $11.42