Mack Industries just paid a dividend of $3 per share (DO = $3). Analysts expect the company's dividend to grow 6 percent this year (D1 = $3.18) and 10 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the company's stock is 13 percent. What should be the company's current stock price? $39.21 O $37.21 $33.21 O $35.21 O $41.21

Mack Industries just paid a dividend of $3 per share (DO - 53). Analysts expect the company's dividend to grow 6 percent this year (D1 - 53.18) and 10 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the compary's stock is 13 percent. What should be the company's current stock price? 539.21 $37.21 533.21 $35.21 $4121