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Popovich industries stock is valued et $1300 a share. The fimm pays annual divdends that increese at a rate of 25 percent ennuelly. Next year's

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Popovich industries stock is valued et $1300 a share. The fimm pays annual divdends that increese at a rate of 25 percent ennuelly. Next year's dividend wiil be $1,10 per share. What is the discount tate on this stock? A. 10.96 percent B. 12.14 percent C. 1409 peroont D.11.67 percent E. 13.51 peroent

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