Question: Question 41 pts Given the information in the table, what is the price of the stock in YEAR 1? Todays Dividend $4.02 Discount Rate 6.94%

Question 41 pts

Given the information in the table, what is the price of the stock in YEAR 1?

Todays Dividend

$4.02

Discount Rate

6.94%

Growth rate in dividends 0 to 1

8.40%

Growth rate in dividends 1 to 2

9.40%

Growth rate in dividends 2 to 3

5.57%

Growth rate in dividends 3 onward

4.74%

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