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Bruin Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate

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Bruin Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling of to a constant 5 percent thereafter. If the required return is 15 percent and the company just paid a $5.92 dividend, what is the share price at the end of supernormal growth (at Year 3)? Select one 121.41 77.08 115.63 80.94. 62.16

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