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The stock of Lightling McQueen will pay a dividend of $1.04 in one year. The stock is selling for $31.1 today and the required rate

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The stock of Lightling McQueen will pay a dividend of $1.04 in one year. The stock is selling for $31.1 today and the required rate of return is 11.99%. If the dividend grows at a constant growth rate forever and the DDM model is a correct model. E CHAT HELP COLE LIVEC The stock will pay a dividend of $ in three years. (Notes: please retain at least 4 decimal places in your calculations and at least 2 decimal places in your final answer.)

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