Question: An analyst is trying to use a dividend pricing model to evaluate Bank of America (BOA). Aner careful analysis she projects BOA will pay the

An analyst is trying to use a dividend pricing model to

An analyst is trying to use a dividend pricing model to evaluate Bank of America (BOA). Aner careful analysis she projects BOA will pay the following dividends over the next three years YEAR 1 2 3 Dividend $1.00 $125 $140 Aner year 3, the analyst assumes a conservative growth rate of 400% per year for dividends. Based on the risk of BOA she wants an 18.00% return on the stock What price is BOA worth today? Submit Answer format: Currency Round to: 2 decimal places

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