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Matador, Inc. recently paid ( $ 2 ) annual dividend. The company is projecting that its dividends will grow by 20, and 10, respectively, for

image text in transcribed Matador, Inc. recently paid \\( \\$ 2 \\) annual dividend. The company is projecting that its dividends will grow by \20, and \10, respectively, for the next 3 years. Thereafter, dividends will grow at \6 each year. The required rate of return on this stock is \11. What is the value of this stock? \\( \\$ 64.56 \\) \\( \\$ 53.68 \\) \\( \\$ 47.06 \\) \\( \\$ 38.25 \\) \\( \\$ 31.86 \\)

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