Lifecycle Motorcycle Company is expected to pay a dividend of $$2$ in year $1,$ a dividend of $$3$ in year $2,$ and a dividend of $$4$ in year $3.$ After year $3,$ dividends are expected to grow at the rate of $3\%$ per year. An appropriate required return for the stock is $12\%.$ Using the two$-$stage DDM$,calculate$ the stock  worth $$today. $($Round your answer to two decimal places.$)$ 

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To calculate the stocks worth today using the twostage Dividend Discount Model DDM we need to find t... View the full answer