The company’s analysts predict that earnings and dividends will decline at a rate constant rate of 5% annually. Assume that cost of stock is 11% and dividend to be declared one year from now is P2.00....

The company’s analysts predict that earnings and dividends will decline at a rate constant rate of 5% annually. Assume that cost of stock is 11% and dividend to be declared one year from now is P2.00. What will be the price of the company’s stock three years from today?