vincent nguyen, an analyst, is examining the stock of British AIrways as of the beginning of 2008. he notices that the consensus forecast by analysts is that the stock will pay a $4 dividend per share in 2009 (based on 21 alaysts) and a $5 dividend in 2010 (based on 10 analysts). Nguyan expects the price of the stock at the end of 2010 to be $250. he has estimated that the required rate of return on the stock is 11 percent. auusme all dividends are paid at the end of the year.

A. using the DDM, estimate the value of BAY stock at the end of 2009