In: Finance
Given the information in the table, what is TODAY’s price of the stock? Today’s Dividend $2.61 Discount Rate 9.00% Growth rate in dividends 0 to 1 3.00% Growth rate in dividends 1to 2 2.00% Growth rate in dividends 2 to 3 10.00% Growth rate in dividends 3 onward 1.00%