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9. Consider the following information. HCB stock has just paid a $3.50 dividend (D0). Dividends are expected to grow at a rate of 70% this

9. Consider the following information. HCB stock has just paid a $3.50 dividend (D0). Dividends are expected to grow at a rate of 70% this year, 40% next year, 20% the year after, and 7% per year forever after that. HSB's stock's required return is 12%. Calculate the current stock price. a. $119.00 b. $154.20 c. $159.38 d. $164.48 e. $171.33

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