a firm paid a $3.00 dividend last year and dividends are expected to grow at 15% for the next 5 years and 5% thereafter. If the required return is 13%, what is the value of a share of stock? a. $58.80 b. $43.13 c. $54.22 d. $53.86

a business paid a dividend last year of $2.7, and its stock is currently trading at $50 a share. If investors require a rate of return of 11.9, what is the implied growth rate for this company? Show your answer as a percentage to two decimal places. (if you think the answer is 0.793, record it as 7.93