number 16

16) The last dividend paid by Clark Company was $1. Clark's' growth rate is expected to be constant at 5 percent for 2 years, after which dividends are expected to grow at a rate of 10 percent forever. How much could be the best required rate of return for Clark's common stock to be sold for 50.156$ ? choose the closest choice * OA) 10.5% B) 12% O C) 13.5% O D) 15% O E) None of the above