Question: QUESTION 9 Phizer is expected to pay a dividend at the end of next year in the amount of $3.54 per share. The dividends should

QUESTION 9 Phizer is expected to pay a dividend at the

QUESTION 9 Phizer is expected to pay a dividend at the end of next year in the amount of $3.54 per share. The dividends should continue to grow at a rate of 8.70% The required rate of return on the stock is 11.75%. What is the expected future price of Phizer as of the end of Year 4? a. $126.40 b. $162.04 c. $176.14 d. $116.07

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