Question: Suppose that you estimate D 1 = $ 0 . 7 1 , D 2 = $ 0 . 7 6 , D 3 =

Suppose that you estimate D1=$0.71, D2=$0.76, D3=$0.82, and D4=$0.87 for a stock. You also estimate that, beginning at year 4, dividends will grow continually at a rate of 6% per year. If the required return to hold the stock is 14.8%, what is the stocks current price? Group of answer choices $8.17 $8.42 $8.27 $8.07

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