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7. XYZ Co.'s stock price is $58.88, and it recently paid a $2.00 dividend. This dividend is expected to grow by 52% for the next

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7. XYZ Co.'s stock price is $58.88, and it recently paid a $2.00 dividend. This dividend is expected to grow by 52% for the next 3 years, then grow forever at a constant rate, g; and rs = 12%. At what constant rate is the stock expected to grow after Year 3? * O a) 9.5% b) 6.25% O c) 15.75% O d) 33.33% e) None of the above

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