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Question: question 3 5 pts a stock is expected to pay...

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Question 3 5 pts A stock is expected to pay the following dividends: $1.3 in 1 year, $1.4 in 2 years, and $1.9 in 3 years, followed by growth in the dividend of 7% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year 0) should be $____________. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35).

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