3. The stock price is (3) Differential growth E.g., The dividend for a share of Firm C a year from today is expected to be 20. During the next four years, the dividend is expected to keep constant at 20. After that, dividend growth will be equal to 10% per year. Calculate the present value of a share of Firm C if the required return is 30%. 0 1 2 3 4 5 6 7 20 20 20 20 22 22x1.1 A multiple-choice question with one possible answer.(Required) 1.0 82 2.0 72 3.0 62 4. O 52 5.0 92 4.The stock price is (Required). Imagine the average price-to-earnings (PE) ratio across all publicly traded companies in the wholesaling industry is 20. Firm D in the industry has earnings of 200 per share. Firm D's stock price is