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1 pts > Question 1 LCP just paid an annual dividend of $2.00 a share. Management estimates the dividend will increase by 12 percent a

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1 pts > Question 1 LCP just paid an annual dividend of $2.00 a share. Management estimates the dividend will increase by 12 percent a year for the next 2 years After that, the annual dividend growth rate is estimated at 3 percent. The required rate of return is 15 percent. What is the value of this stock today it you use the H-Model? $19.40 $19.07 $1.17 $12.77 51736

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