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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 will
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. a. 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. Answer is complete and correct. b. 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. Answer is complete and correct. c. What will be the dividend yield at the start of year 2 ? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer is complete but not entirely correct
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