Question: Management has recently announced that expected dividends for the next three years will be as follows: YEAR DIVIDEND 1 1.2 2 1.7 3 2.5 After

Management has recently announced that expected dividends for the next three years will be as follows: YEAR DIVIDEND 1 1.2 2 1.7 3 2.5 After year 3, dividends are expected to grow at the rate of 3% per year. An appropriate required return for the stock is 7%. What should be the stock worth today? O a. 53.76 O b. 57.20 O c. 57.95 O d. 55.67

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