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Business, 17.12.2021 04:00 sierraaasifuent

Exercise Bicycle Company is expected to pay a dividend in year 1 of $1.20, a dividend in year 2 of $1.50, a dividend in year 3 of $2.00, and a dividend in year 4 of $3.00. After year 4, dividends are expected to grow at the rate of 10% per year. An appropriate required return for the stock is 14%. The stock should be worth today. $43.59 $59.32 $54.18 $40.68

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