P Flag question Marked out of 6.00 Question 11 Not yet answered Lodbrok Company just paid an annual dividend of $2 per share. The company will increase its dividends by 15 percent per year for the next 11 years, after that the company will keep a constant growth rate of 5 percent per year, forever. If the required return is 12 percent, what is the current stock price of Lodbrok Company? a: $44.38 b. $70.45 C $59.46 d. $52.78 e. $65.99 Previous page