A stock will pay its first dividend in three years. The dividend amount will be $0.50 per share. From then on dividends will grow at 8% per year. If investors require a 10% return on this stock what is the most you should pay today for a share of this stock? O a. $23.56 O b. $25.00 O c. $19.85 O d. $18.78 O e. $20.66

A stock will pay its first dividend in three years. The dividend amount will be $0.50 per share. From then on dividends will grow at 8% per year. If investors require a 10% return on this stock what is the most you should pay today for a share of this stock? a. $23.56 b. $25.00 c. $19.85 d. $18.78 e. $20.66