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Lodbrok Company just paid an annual dividend of $2 per share. The company will increase its dividends by 15 percent per year for the next

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Lodbrok Company just paid an annual dividend of $2 per share. The company will increase its dividends by 15 percent per year for the next 17 years after that the company will keep a constant growth rate of 5 percent per year, forever. If the required return is 12 percent, what is the current stock price of Lodbrok Company? a $59.46 b. 570.45 c. 544 38 d. $65.99 e. 552.78

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