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The Border Crossing just paid an annual dividend of $4.20 per share and is expected to pay annual dividends of $4.40 in year 1 and
The Border Crossing just paid an annual dividend of $4.20 per share and is expected to pay annual dividends of $4.40 in year 1 and $4.50 in year two. After that, the firm expects to maintain a constant dividend grow rate of 2 percent per year 1 and $4.50 in year two. After that, the firm expects to maintain a constant dividend growth rate of 2 percent per year. What is the value of this stock today if the required return sis 14 percent?
A.$30.04
B.$32.18
C.$33.33
D.$35.80
E.36.74
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