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  3. cooperton mining just paid a dividend of $2.67 yes

Cooperton Mining just paid a dividend of $2.67 yesterday (Year 0). Cooperton's dividends are expected...

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Cooperton Mining just paid a dividend of $2.67 yesterday (Year 0). Cooperton's dividends are expected to grow at a 4.5% rate for the next two years (Year 1 and Year 2). After Year 2, dividends are expected to grow at a 3.5% rate in perpetuity. If Cooperton's cost of equity is 10%, what is its stock price? Cooperton's stock price is $ 43.32'. (Round to the nearest cent.)

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