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10. Company B just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 8 years

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10. Company B just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 8 years and then level off to a 6 percent growth rate indefinitely. What is the price of this stock today given a required return of 15 percent? A. $67.54 B. $69.90 C. $70.47 D. $71.07 E. $78.19

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