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Declining Products Corporation produces goods that are very mature in their product life cycles. Declir...

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Declining Products Corporation produces goods that are very mature in their product life cycles. Declir decline at a rate of 2% per year. An appropriate required rate of return for the stock is 8 What s a dividend in year 1 of $1.57, a dividend of $1.47 in year 2, and a dividend of $1.42 in year 3. After year 3, dividends are expected to %. hould the stock be worth after three years? (Round your answer to 4 decimal places.) Stock price

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