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Weston Hotels pays no dividend at the present time. Starting in Year 3, the firm will pay a dividend of $.35 per share for two

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Weston Hotels pays no dividend at the present time. Starting in Year 3, the firm will pay a dividend of $.35 per share for two years. After that, the company plans on paying a constant $.85 per share annual dividend indefinitely. How much should you pay per share to purchase this stock today at a required return of 14.8 percent? $3.78 $3.56 $4.37 $4.61 None of these answers are correct

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