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A company's earnings and dividends are growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required

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A company's earnings and dividends are growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return is 15 percent, what is the price of the stock three years from now? (Do not found intermediate calculations. Round final answer to two decimal places.) A) $58.31 B) $46.29 C) S51.02 D) $42.83 DO YOUR CALCULATIONS IN EXCEL AND SHOW THEM HERE

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