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44. Capricorn Inc. just paid a dividend of $1.9 and the dividend is expected to grow by 10 percent each year for the next three

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44. Capricorn Inc. just paid a dividend of $1.9 and the dividend is expected to grow by 10 percent each year for the next three years. After that the dividends will have a constant growth rate of 5 percent, forever. If the required return on the stock is 10 percent, the current stock price is closest to: A. $44.36 B. $45.60 C. $47.38 D. $48.00

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