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X D1=$2.30,D2=$2.645, and D3 =$3.04. The long-run normal growth rate after year 3 is expected to be .10 (that is, a constant growth rate after
X D1=$2.30,D2=$2.645, and D3 =$3.04. The long-run normal growth rate after year 3 is expected to be .10 (that is, a constant growth rate after year 3 of 10% per year forever). If you require a 14 interest rate, how much should you be willing to pay for this stock? Otherwise, Blackboard will treat it as a wrong answer. 57.50
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