Answer:
Price of the stock at the end of three years =$34,27
Step-by-step explanation:
Price of the stock today =
.
Where D1 is the total dividend earned in year 1 =$0.2*4=$0.8
D1=D2=D3=$0.8
therefore, from the given information
.
Solve for P3, which is the price of the stock at the end of three years =$34,27.