Save and Submit A Click Submit to complete this assessment. Question 12 of 12 Question 12 3 points Save Aryswer Stock A experiences non-constant growth of dividends during the first 3 years since the company's establishment and subsequently it experiences constant growth of dividends. The issuer of stock A just paid a dividend of USD 3.2 per share. The growth rate of dividend during the first 3 years of abnormal growth is expected to be 0.06. From the beginning of year 4, the gr h rate of dividend is expected to stabilize at 0.08 for ever. The market requires a return of 0.12 for stock A. Calculate the price of stock A today. Give an answer of 0.000. The formulae are P = D/(1+r)? + D2(1+r)2 + D3/(1+r)3 + D4/(r-g)(1+r)3 and Dn = (1+gj)*Dn+1