Priceo Is Discounted Expected (Dividend1 Price1) Price is the present value of the expected dividend plus the end-of- year price discounted at the required rate of return R-2tp 1+k THE COURSE OF FINANCE 2017 SPRING SJTU 15Price0 Is Discounted Expected (Dividend1 + Price1)  Price is the present value of the expected dividend plus the end-of- year price discounted at the required rate of return THE COURSE OF FINANCE 2017 SPRING SJTU 15 k D P P    1 1 1 0