Question: Question 5 2 pts A stock is expected to pay the following dividends: $1.2 in 1 year, $1.7 in 2 years, and $1.9 in

Question 5 2 pts A stock is expected to pay the following

Question 5 2 pts A stock is expected to pay the following dividends: $1.2 in 1 year, $1.7 in 2 years, and $1.9 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 14%. The stock's current price (Price at year O) should be $ Margin of error for correct responses: +/- .10 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35).

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