Question: Question 8 2 pts A stock will pay no dividends for the next 3 years. Four years from now, the stock is expected to

Question 8 2 pts A stock will pay no dividends for the

Question 8 2 pts A stock will pay no dividends for the next 3 years. Four years from now, the stock is expected to pay its first dividend in the amount of $2.1. It is expected to pay a dividend of $2.7 exactly five years from now. The dividend is expected to grow at a rate of 7% per year forever after that point. The required return on the stock is 13%. The stock's estimated price per share exactly TWO years from now, P2, 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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