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Consider a firm that has just paid a dividend of $2. An analyst expects dividends to grow at a rate of 8% per year for

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Consider a firm that has just paid a dividend of $2. An analyst expects dividends to grow at a rate of 8% per year for the next five years. After that dividends are expected to grow at a normal rate of 5% per year. Assume that the appropriate discount rate is 7%. The dividends for years 1, 2, and 3 are O a. $2.16, $2.33, $2.52 O b. $2.16, $2.24, $2.32 O c. $2.07, $2.14, $2.21 O d. $2, $2.08, $2.16 O e. $2, $2.05, $2.105

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