Chapter 9 Exercise Problem International Biking Corporation (IBC) has been growing at a rate of 25% per year in recent years. This same growth rate is expected to last for another two years. The growth rate will then level off to a normal rate of 6% per year indefinitely. The company just paid a dividend of S2 per share on its common stock. How much investors will be willing to pay today for each share of IBC's common stock if they require a rate of return of 14%