Question: A company is preparing to pay its first dividends. It is going to pay $0.60, $1.10, and $1.50 a share over the next 3 years,

A company is preparing to pay its first dividends. It is

A company is preparing to pay its first dividends. It is going to pay $0.60, $1.10, and $1.50 a share over the next 3 years, respectively. After that, the company has stated that the annual dividend will be $1.98 per share indefinitely. What is this stock worth to you today if you demand a 9% rate of return? O $18.22 O $18.65 $19.08 $19.62 $20.11

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