Question: Suppose a company's expected dividend pattern for three year is as follows: D1 - $3, D2 = $4,03 = $6. After 3 years, the dividends

Suppose a company's expected dividend pattern for three year is as follows: D1 - $3, D2 = $4,03 = $6. 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 12%? (Round final answer to two decimal places) O $105 21 $101.53 $87.28 $98.54

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