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question 14 QUESTION 14 Dragon Enterprises just paid an annual dividend of $1.50. Dividends are expected to grow by 10% per year for the next

question 14
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QUESTION 14 Dragon Enterprises just paid an annual dividend of $1.50. Dividends are expected to grow by 10% per year for the next three years, and then by 4% per year forever. If the required return is 12%, what should be the current stock price? A $20.40 B. $21.77 C. $22.85 D. $23.94 E. $25.59

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