40. After thorough research, you conclude that Gore Inc.'s dividend will grow at its present rate of 15% for 2 more years and that at the beginning of the third year its growth rate will drop to 5% permanently. The last dividend (which was just paid and that you don't receive) is $2.00. If the required rate of return is 14%, what is the current value of the stock? a. $25.56 b. $25.76 C. $26.67 d. $ 27.80 e. $22.22

40. After thorough research, you conclude that Gore Inc.'s dividend will grow at its present rate of 15% for 2 more years and that at the beginning of the third year its growth rate will drop to 5% permanently. The last dividend (which was just paid and that you don't receive) is $2.00. If the required rate of return is 14%, what is the current value of the stock? a. $25.56 b. $25.76 c. $26.67 (d.) $27.80 e. $22.22 40. After thorough research, you conclude that Gore Inc.'s dividend will grow at its present rate of 15% for 2 more years and that at the beginning of the third year its growth rate will drop to 5% permanently. The last dividend (which was just paid and that you don't receive) is $2.00. If the required rate of return is 14%, what is the current value of the stock? a. $25.56 b. $25.76 c. $26.67 (d.) $27.80 e. $22.22