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A company just paid a dividend of $1.75 for its stock. Company's dividends will grow by 30% this year, by 10% in Year 2, and

A company just paid a dividend of $1.75 for its stock. Company's dividends will grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 9.00%. What is the stocks current value?

a. $63.05 b. $60.67 c. $59.48 d. $57.70 e. $55.32

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