A stock is expected to pay a widerd of 10 one year, its future annual dividers are expected to grow by 20% pa. The next dividend of $10 will be in one year and they wer that the dividend will be $12 (104.0.2) 11 and a year later $14.4 (101-02-2) and so on forever, Its required totalt 50% pa. The total required return and growth rate of dividends are given as effectivenes Calculate the payback period of buying the stock and holding onto it forever, assuming that the dividends are recewed at each time not smoothly over each year. Note that you wil have to find e price of the stock first Select one ye 06. 2 years o c. 3 ya