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1. Todd's Turtles is expect to increase dividends by 20% in one year and by 15% in two years. After that, dividends will increase at

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1. Todd's Turtles is expect to increase dividends by 20% in one year and by 15% in two years. After that, dividends will increase at a rate of 5% per year indenitely. The last dividend was $1, the required return is 20%, what is the current price of the stock? a. $6.9 b. $8.67 c. $9.66 d. $10.10 e. $12.3

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