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Question 23 1 pts Utility Co. plans to pay a dividends of $8.40, $6.60, and $4.10 over the next 3 years, respectively. After that, Utility

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Question 23 1 pts Utility Co. plans to pay a dividends of $8.40, $6.60, and $4.10 over the next 3 years, respectively. After that, Utility Co. plans to have a constant dividend growth rate of 1.80%. If investors require a return of 10%, then what is the current price of Utility Co's stock? $50.00 $54.41 $50.94 O $53.74

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