Questions (A14-A16) are based on the information that follows. Initex Corporation's stock trades at $156.08.B = 1.10 RM=15%, RRE= 5% and it pays the following dividends. Do = $4.24; D =$4.80; D2 =$6.40; D3 =$7.30. After that dividends grow at the constant rate of 12% forever. A14. What should be the fair value (intrinsic price) of the stock? (a) $149.27 (b) $136.87 (c) $128.83 (d) $115.43 (e) $144.52