Question: Beers Beers Corp. has an erratic dividend structure. It just released a dividend earlier today of $1.00. Next year the dividend will be $0. The

Beers Beers Corp. has an erratic dividend structure. It just released a dividend earlier today of $1.00. Next year the dividend will be $0. The following year the dividend will be $2.00. Thereafter, the dividend will grow each year by a sustainable growth rate of 2% forever. The interest rate if 5%. What is the price (PV) of Beers Beers today? $65.23 $67.89 $66.67 $63.49

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