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NetFlick's last dividend was $1.25. Its dividend growth rate is expected to be constant at 20% for 2 years, after which dividends are expected to
NetFlick's last dividend was $1.25. Its dividend growth rate is expected to be constant at 20% for 2 years, after which dividends are expected to grow at a rate of 5% forever. Its required return (rs) is 8%. What is the best estimate of the current stock price?
A.) $46.25
B.) $55.40
C.) $56.94
D.) $60.20
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