You expect a share of stock to pay dividends of $1.20, $1.85, and $2.30 in each of the next 3 years. You believe the stock will sell for $11.00 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.) x Answer is complete but not entirely correct. Stock price $ 36.14 X 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.) Answer is complete but not entirely correct. Dividend yield 2.77 *% 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.) Answer is complete but not entirely correct. Prev. 1 of 5 Next >