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Huang Company's last dividend was $1.21. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected
Huang Company's last dividend was $1.21. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? \begin{tabular}{|} $34.50 \\ $32.42 \\ $31.52 \\ $33.50 \\ $30.57 \end{tabular}
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