Check my work Problem 7-27 Nonconstant Growth (LO2) You expect a share of stock to pay dividends of $2.20, $2.55, and $2.70 in each of the next 3 years. You believe the stock will sell for $34.00 at the end of the third year. a. What is the stock price if the discount rate for the stock is 20%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $ 24.84 b. What is the dividend yield for year 1? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Dividend yield 8.86 % c. What will be the dividend yield at the start of year 2? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Dividend yield