Question: Question 44 4 pts A stock is expected to pay a year-end dividend of $3.5, i.e., D1 = $3.5. The dividend is expected to decline

Question 44 4 pts A stock is expected to pay a

Question 44 4 pts A stock is expected to pay a year-end dividend of $3.5, i.e., D1 = $3.5. The dividend is expected to decline at a rate of 3.5% a year forever (g = -3.5%). If the company is in equilibrium and its expected and required rate of return is 9.5%, what is the expected price 4 years later? (if your price is $12.34, just enter "12.34".)

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