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A firm anticipates paying a $2.50 dividend in the upcoming year and growing this dividend at a rate of 3% per year, forever. Share holders

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A firm anticipates paying a $2.50 dividend in the upcoming year and growing this dividend at a rate of 3% per year, forever. Share holders have typically required a 20% return. Given this information, what is the price of the stock according to the Dividend Growth Model? O $14.71 O $16.05 $13.52 O $21.54 O $25.33 O $9.95 O $11.52 O $23.61

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