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anaponic, Inc. will pay a dividend of $6 for each of the next 3 years, $8 for each of the years 4-7, and $10 for

anaponic, Inc. will pay a dividend of $6 for each of the next 3 years, $8 for each of the years 4-7, and $10 for the years 8-10. Thereafter, starting in year 11, the company will pay a constant dividend of $7/year forever. If you require 16 percent rate of return on investments in this risk class, how much is this stock worth to you? A. $37.77 B. $34.54 C. $55.99 D. $50.50 E. $45.68 F. $41.46

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