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M Co. just paid a dividend of $2 per share. The company will increase its dividend by 30% next year , 25% annually for two

image text in transcribed M Co. just paid a dividend of $2 per share. The company will increase its dividend by 30% next year , 25% annually for two years after that and 5% annually thereafter. If the required return on the stock is 15%, what will a share of stock sell for today? A) $30.98 B) $21.43 C) $35.44 D) $44.53 E) $40.01

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