Question: Question 8 8.57 pts DEF Corp. is expected to pay $3.50 per share dividend one year from now, $4.00 per share two years from now,

Question 8 8.57 pts DEF Corp. is expected to pay $3.50 per share dividend one year from now, $4.00 per share two years from now, and $4.60 per share three years from now. DEF Corp's stock is expected to be traded (i.e. sold and bought) at $15.60 three years from now, after that year's dividends have been paid. If you require a return of 11.1% on investments of this risk, what is the maximum you would be willing to pay? O $23.00 $22.45 $20.00 $21.12 $20.98

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