Question: Bond, Question Completion Status 6.67 points QUESTION 3 A company is expected to pay dividends, beginning with a dividend of $1.25, two years from today.

 Bond, Question Completion Status 6.67 points QUESTION 3 A company is

Bond, Question Completion Status 6.67 points QUESTION 3 A company is expected to pay dividends, beginning with a dividend of $1.25, two years from today. The dividend will grow at 25% in year 3, and 30% in year 4. After year 4, the growth should be a constant 7,5% per year for very long time. If the required return is 11.5%, what is the value of the stock today? 23.07 50.98 O 31.44 26.55 38.77

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