You expect a share of stock to pay dividends of $1.10, $1.35, and $2.00 in each of the next 3 years. You believe the stock will sell for $10.00 at the end of the third year.

You expect a share of stock to pay dividends of $1.10, $1.35, and $2.00 in each of the next 3 years. You believe the stock will sell for $10.00 at the end of the third year. a. What is the stock price if the discount rate for the stock is 10%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $ 11.13 b. What is the dividend yield for year 1? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Dividend yield 1 9 .88 % c. What will be the dividend yield at the start of year 2? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Dividend yield