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20. The stock of Jet Corporation receny paid a dividend of $3.08 per share, which is expected to grow at a rate of 20% for

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20. The stock of Jet Corporation receny paid a dividend of $3.08 per share, which is expected to grow at a rate of 20% for the next 3 years and then decline linearly over the next 10 years to a constant growth rate of 4%. Given a required rate of return of 12%, the value of stock is closest to: A. $97.75 B. $122.41 C. $88.42

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