1 The stock has just paid a dividend of $1.50, and the management expects the dividends to grow at 15% the next 3 years, and then at 5% forever, thereafter. If investors require a 14% return, they will value this stock at what price?

The stock has just paid a dividend of $1.50, and the management expects the dividends to grow at 15% the next 3 years, and then at 5% forever. thereafter. If investors require a 14% retum, they will value this stock at what prico? $18.5 $22.5 $28.5 $32.5 A. Moving to another question wal save this response