Question 23 1 pts Grapefruit Co. has an odd dividend policy. The company will pay $8 at the end of year 1, $13 at the end of year 2, $18 at the end of year 3, and then never pay another dividend. If you require a return of 10% on the company's stock, how much will you pay for a share today? $39 $31.54 $47.61 $38,61