part 1. during the past 10 years, lovely' corp.'s dividends have grown from $0.24 to $0.75 per share. if the past growth rates are expected to continue into the future, what is the current value of lovely's common stock to an investor who requires a 14% rate of return?

A. $43.52

B. $52.40

C. $38.84

D. $60.48

Part 2. lovely' corp. just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. the company's required rate of return is 12.25%. what is the company's current stock price, P0? do not round intermediate calculations.

A. $12.66

B. $13.60

C. $11.72

D. $10.08

E. $13.83