Consider the following three stocks: Stock A is expected to provide a dividend of $6 a share forever. Stock B is expected to pay a dividend of $3.5 next year. Thereafter, dividend growth is expected...

Consider the following three stocks:

Stock A is expected to provide a dividend of $6 a share forever.

Stock B is expected to pay a dividend of $3.5 next year. Thereafter, dividend growth is expected to be 3% a year forever.

Stock C is expected to pay $1.25, $3.80, and $3.00 over the next three years, respectively. Starting in year 4 and thereafter, dividend growth is expected to be 3.5% a year forever.

If the discount rate for each stock is 6%, which stock is the most valuable?