A firm recently paid a dividend of $$1\mathrm{.}75$ per share. The

dividend is expected to grow by $13\%$ for the next $2$ years. The

dividend is expected to grow by a more modest $3\mathrm{.}50\%$

thereafter. What is the firm's stock value per share given a

$6\mathrm{.}95\%$ discount rate?

$$58\mathrm{.}61$

$$62\mathrm{.}41$

$$21\mathrm{.}47$

$$70\mathrm{.}84$