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OMG Corporation just paid a $2.20 annual dividend on each share. It is planning on increasing its dividend by 15 percent a year for the

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OMG Corporation just paid a $2.20 annual dividend on each share. It is planning on increasing its dividend by 15 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 5 percent per year, and keep it that way Indefinitely. The required rate of return is 770 percent. Calculate the current value of one share of this corporation's stock. Multiple Choice $149.64 $123.81 $151.84 $111.22 $121.61

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