Question 48 (1 point) M&M Importers paid a $2.00 per share annual dividend last month. The company is planning on paying $2.50, $2.75, $3.00, and $3.25 a share over the next four years, respectively. After that the dividend will be constant at $3.59 per share per year. What is the market price of this stock if the required rate of return is 13.50%? a) $15.96 b) $24.37 c) $22.57 d) $20.73 e) $7.47