Question: Phizer is expected to pay a dividend at the end of next year in the amount of $3.54 per share. The dividends should continue to

Phizer is expected to pay a dividend at the end of

Phizer is expected to pay a dividend at the end of next year in the amount of $3.54 per share. The dividends should continue to grow at a rate of 8.70% The required rate of return on the stock is 11.75%. What is the expected future price of Phizer as of the end of Year 4? a. $116.07 b. $126.40 O c. $176.14 d. $162.04

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