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You expect a share of stock to pay dividends of $1.50, $1.65, and $1.90 in each of the next 3 years. You believe the stock
You expect a share of stock to pay dividends of $1.50, $1.65, and $1.90 in each of the next 3 years. You believe the stock will sell for $23.00 at the end of the third year. What is the stock price if the discount rate for the stock is 10%? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. What is the dividend yield for year 1? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. What will be the dividend yield at the start of year 2
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