A stock's last dividend was $2.34 per share and the dividends are expected to grow 30% per year for three years. Thereafter, the dividends are expected to grow at a constant rate of 9.1% per year. If investors require a return of 16.7% per year to hold the stock, what is its value per share? 1) $52.26 2) $55.16 3) $47.28 O4) $64.40 O 5) $60.26

A stock's last dividend was $2.34 per share and the dividends are expected to grow 30% per year for three years. Thereafter, the dividends are expected to grow at a constant rate of 9.1% per year. If investors require a return of 16.7% per year to hold the stock, what is its value per share? 1) $52.26 2) $55.16 3) $47.28 4) $64.40 5) $60.26