OU H&ve completed so far. It does not indicat 9 Problem 7-27 Nonconstant Growth (LO2) 10 points You expect a share of stock to pay dividends of $1.50, $2.35, and $2 80 in each of the next 3 years. You believe the stock will se $28.00 at the end of the third year. a. What is the stock price if the discount rate for the stock is 10%? (Do not round intermediate calculations. Round your answer t decimal places.) Answer is complete and correct. Stock pice 28 44 2644 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) 8 Answer is complete but not entirely correct. ?Prev 09 of 14 Next > Type here to search