Question: Question 23 3 / 3 pts Finance Problem Counts 3 Points IBM's dividend payments from 2017 - 2019: Dividend Year Amount 2017 $4.00 2018 $4.20

Question 23 3 / 3 pts Finance Problem Counts 3 Points IBM's dividend payments from 2017 - 2019: Dividend Year Amount 2017 $4.00 2018 $4.20 2019 $4.41 It's 2020, and IBM has just paid its 2019 dividend. Using the table above, you want to estimate IBM's current stock price. Assuming historical dividend growth is a reasonable proxy for the future, you estimate that IBM will continue to grow its dividends, forever, at the same rate it has demonstrated over the past 3 years. If the required rate of return on this stock is 10 percent, what is the current stock price? (Round to 2 decimal places) $97.20 $84.03 $88.34 $92.61

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.