9 pts U Question 17 McGonigal's Meats, Inc. currently pays no dividends. The firm plans to begin paying dividends in 3 years. The first dividend will be $1.50 and dividends will grow at 6% per year thereafter. Given a required return of 14%, what would you pay for the stock today? O $17.61 O $13.42 O $14.42 O $2137 O $16.37 Question 18 9 pts Which of the following statements is (are) true? 1. The dividend growth model only holds if, at some point in time, the dividend growth rate exceeds the stock's required return. II. Holding everything else constant, an increase in the dividend growth rate will increase a stock's market value. III. Holding everything else constant, an increase in the required return on a stock will increase its market value. o I, II and III O lll only I and Ill only o I only O ll only Question 19