Question: 1 pts Question 7 Use Excel for this question: A company announced that it will pay a $3.00 dividend, a $3.50 dividend, and a $3.70

1 pts Question 7 Use Excel for this question: A company announced that it will pay a $3.00 dividend, a $3.50 dividend, and a $3.70 dividend in years 1, 2, and 3, respectively. After year 3, the dividends are expected to grow at 5% every year. What is the price of this stock today, given an 8% rate of return? O $108.67 $125.18 O $111.52 $120.47

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