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Question 23 (3.5 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $5.90. You believe that

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Question 23 (3.5 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $5.90. You believe that dividends will grow at a rate of 19.0% per year for three years, and then at a rate of 7.0% per year thereafter. You expect that the stock will sell for $268.20 in three years. You expect an annual rate of return of 12.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $210.90 $155.22 $171.45 $131.09 $185.60

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