Question 18 Grant, Inc. is a fast growth stock and expects to grow at a rate of 25 percent for the nex constant-growth rate of 10 percent. The first dividend will be paid out in year 3 and will return is 18 percent, what is the current price of the stock? (Do not round intermediate decimal places.) 585.94 $9719 $50.59 $65.68 Previous Instructions 1 pts at a rate of 25 percent for the next four years. It will then settle to a power to the end will be paid out in year 3 and will be equal to $5.00. If the required rate of spect is the of the stock (Do not found intermediate calculations. Round final answer to two No new data to save. Last checked at 10:09p