Question: Suppose a company's expected dividend pattern for three year is as follows: D1= $2,02 $5.03- $7 After 3 years, the dividends are expected to growth

Suppose a company's expected dividend pattern for three year is as follows: D1= $2,02 $5.03- $7 After 3 years, the dividends are expected to growth at a constant rate of 7% a year. What should the current price of the firm's stock be if the required rate of return demanded by investors is 11%? (Round final answer to two decimal places) $87 28 510521 5985 $107.89

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