Bluetick1010

Here is another one I think is wrong.

Sam's Company expects to pay a dividend of $6 per share at the end of the year, $9 per share at the end of the next two years and then be sold for $136 per share. If the required rate on the stock is 20%, what is the current value of the stock

A) $100.1
B) 105.69
C) 110.00

Book answer is "B"

My answer is "None of the above"

Book solution is 6/1.2+9/1.2^2+136/1.2^2=105.69

My solution is 9/1.2+9/1.2^2+136/1.2^2=108.194