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A company just paid a dividend of $5 per share. The dividend is expected to grow at a constant rate of 3% per year

A company just paid a dividend of $5 per share. The dividend is expected to grow at a constant rate of 3% per  

A company just paid a dividend of $5 per share. The dividend is expected to grow at a constant rate of 3% per year forever. The required rate of return on the stock is 10%. Calculate the current price of the company's stock. A. $71.43 B. $73.57 C. $50 D. $51.5

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