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A stock fust paid a dividend of $2.50 (i.e., Do =2.50 ). An investor expects that the dividend will grow at 25% annually for the

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A stock fust paid a dividend of $2.50 (i.e., Do =2.50 ). An investor expects that the dividend will grow at 25% annually for the next two years and 4% forever thereafter. Assuming a discount rate of 13%, this stock is worth $ 1) None of the given answers for this question are within $0.10 of the correct answer. 2) 48.69 3) 37.33 4)39.26 45.98

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