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Mack Industries just paid a dividend of $4 per share (DO = $4). Analysts expect the company's dividend to grow 5 percent this year (D1

Mack Industries just paid a dividend of $4 per share (DO = $4). Analysts expect the company's dividend to grow 5 percent this year (D1 = $4.2) and 5 percent next year. After two years the dividend is expected to grow at a constant rate of 6 percent. The required rate of return on the company's stock is 12 percent. What should be the company's current stock price? O $65.38 $67.38 O $71.38 O $73.38 O $69.38
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Mack Industries just paid a dividend of $4 per share (D0=$4). Analysts expect the company's dividend to grow 5 percent this year (D1 =$4.2 ) and 5 percent next year. After two years the dividend is expected to grow at a constant rate of 6 percent. The required rate of return on the company's stock is 12 percent. What should be the company's current stock price? $65.38 $67.38 $71.38 $73.38 $69.38

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