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Webflix announced that they will pay their first dividend of $4 on their common stock in a year (D1). Analysts think dividends will grow by
Webflix announced that they will pay their first dividend of $4 on their common stock in a year (D1). Analysts think dividends will grow by 30% in year 2, by 50% in year 3, and by 20% in year 4 before settling into a constant growth rate of 9% in year 5 and beyond. What is the value of Webflixs stock today based on this information if the required return is 12%? Group of answer choices $178.35 $212.19 $300.30 $259.23 $235.34
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