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Redverb Inc. paid a dividend of $5.00 last year (DO = $5.00). The market consensus is that the company's dividend will grow by 21% per

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Redverb Inc. paid a dividend of $5.00 last year (DO = $5.00). The market consensus is that the company's dividend will grow by 21% per year for 2 years, and at a constant rate of 6.8% in Year 3 and thereafter. The company's cost of equity is 15.0%. What is the price of the stock today? Do not round intermediate calculations. A. $88 B. $73 C. $83 D. $92

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