In: Finance
Given the information in the table, what is the price of the stock in YEAR 1? Today’s Dividend $3.75 Discount Rate 7.86% Growth rate in dividends 0 to 1 7.53% Growth rate in dividends 1 to 2 8.34% Growth rate in dividends 2 to 3 5.82% Growth rate in dividends 3 onward 4.89%