Question: Midea has just shared that it will make the following dividend distributions: $2 in one year, $4 in two years and $1 in three years.

Midea has just shared that it will make the following dividend

Midea has just shared that it will make the following dividend distributions: $2 in one year, $4 in two years and $1 in three years. Investors expect that the company's dividends will grow consistently after year three and the relevant growth rate is 2%. If the required rate of return is 11% for the company, how much should you pay for a Midea share today? Select one: a.17.144 b.16.688 c.19.091 d. 14.045

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