Question 3 (15 Points) Giant Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Giant to begin paying dividends, beginning with a dividend of $0.50 coming 2 years from today. The dividend should grow rapidly-at a rate of 25% per year-during Years 3 and 4, but after Year 4, growth should be a constant 6.5% per year. If the required return on Giant is 11.5%, what is the value of the stock today? O 1.65 6 Sinns fo 022