What comes closest to the value today of a stock that just paid a dividend of $1.35 and expects to grow that dividend by 7.00% per year in year 1 and year 2, and then grow but will then see the growth in dividends fall to 1.50% in the third year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of 6.50%, provide an estimate of the price of the stock.

		$27.40
		$27.00
		$30.38
		$28.69
		$270.00

What comes closest to the value today of a stock that just paid a dividend of $1.35 forever. Using a required rate of return of 6.50%, provide an estimate of the price of the stock. $27.40$27.00$30.38$28.69$270.00