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Emma Incorporated expects non-normal dividend growth over the next three years; that is a 0% growth...

Emma Incorporated expects non-normal dividend growth over the next three years; that is a 0% growth rate in the first year, then 25%, and then 12% followed by growth of 8% thereafter. If the last dividend paid was $2.50 and the appropriate discount rate is 12%; what is the price of the stock today?

$67.26

$94.50

$76.64

$74.24

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AS SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago
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