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Assume the firm's dividend payment this year is $5.19, and that the required rate of return for the firm's industry is 12.5%. If the firm's

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Assume the firm's dividend payment this year is $5.19, and that the required rate of return for the firm's industry is 12.5%. If the firm's dividend will grow 4.6% each year beginning next year, what is the market value of the firm's shares under the Dividend Discount Model? Assume this year's dividends have been paid already. $65.69 $62.69 $68.72 $43.43

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