24) Modem Development, Inc. paid a dividend of $5.00 per share on its common stock yesterday. Dividends are expected to grow at a constant rate of 10% for the next two years, at which point the dividends will begin to grow at a constant rate indefinitely. If the stock is selling for $50 today and the required return is 15%, what it the ex- pected annual dividend growth rate after year two? a. 5.000% b. 3.365% c. 4.556% d. 3.878% I think the answer is a. Can anyone confirm and please show how to calculate? I would appreciate it