what should be the price of Baldwin stock today?

Baldwin Corp. just paid a dividend of $2.00. Over the next two years this dividend is expected to grow by 20% per year. After two years, dividend growth is expected to level off at 10%. If the required rate of return on Baldwin stock is 12%, what should be the price of Baldwin stock today?

$31.68

$130.71

$158.40

$128.57

$119.75

 

 

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