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The stock of Sedly Inc. is expected to pay the following dividends: Dividend Year 1 $2.25; Year 2; $3.50; Year 3 $1.75; Year 4 $2.00.

The stock of Sedly Inc. is expected to pay the following dividends: Dividend Year 1 $2.25; Year 2; $3.50; Year 3 $1.75; Year 4 $2.00. at the end of the fourth year its value is expected to be 37.50. What should Sedly sell for today if the return on stocks of similar risk is 12%

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