Question: compctition. Analysis predict that earinings and dividends will decline at a rate of 5% annually into the foresceable future. If the firm's last dividend (D0)

compctition. Analysis predict that earinings and dividends will decline at a rate of 5% annually into the foresceable future. If the firm's last dividend (D0) was $2.50 and the investors' required rate of return is 16%, what will be the company's slock price in three years? Choice: $6,15 Choice: $9.70 ? Choice: $20.00 Choice: $12.45

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