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Black at me. is expecting a period o1 intense growth, so it has decided to retain more 01 its earnings to help nance that growth.

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Black at me. is expecting a period o1 intense growth, so it has decided to retain more 01 its earnings to help nance that growth. As a result it is going to reduce its annual dividend by 10% a year for the next three years. Aer that it will maintain a constant dividend of $0.15 a share. The company just paid a dividend of $1 .80 per share. \"That is the market value of this stock if the required rate of return is 13%? A. $6.79 B. $7.22 C. $7.48 D. $8.87 E. None of the above is correct

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