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You are planning to purchase the stock of Awal industrial. and you expect it to pay a dividend of $3 in 1 year, $4.25

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You are planning to purchase the stock of Awal industrial. and you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years, and $6.00 in 3 years. You expect to sell the stock for $100 in 3 years. If your required return for purchasing the stock is 12 percent, how much would you pay for the stock today? O a. $45.00 O b. $81.52 $83.64 O d. $77.24

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