Question 20 4 pts Celec's common stock paid a dividend of $2.75 in the year just ended. If you estimate that Celec's dividend will grow at a rate of 15% in the coming year, 12% in year two, 8% in year 3, and at a rate of 6% annually thereafter, what is the value of Celec's stock given a required rate of return of 12 percent? $63.84 $70.20 $56.47 $66.37 $58.45