Question: 2. A common stock will pay a dividend next year (i.e., at t-1) of $5.00. For three years after that (i.e., for t-2, t-3, and

2. A common stock will pay a dividend next year (i.e., at t-1) of $5.00. For three years after that (i.e., for t-2, t-3, and t-4), the dividend will grow at 7% per year. After t.4, the dividend will grow at 3% per year, forever. If the opportunity cost of capital is 15%, what is the price of the common stock

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