Tasty Brands Inc. (stock symbol: TSTY) is a large company that owns a number of fast-food and fast-casual restaurant brands. With dining out surging in the post-COVID 19 era, you think Tasty Brands will be able to increase its dividends over the next two years, before its growth ultimately settles down. You think it will pay a dividend of $9.00 next year (a 20% increase from what was just paid to shareholders) and a dividend of $11.50 in two years. Thereafter, you believe dividends will grow at a 3% rate annually. If the required return for this stock is 13%, what should be the share price for Tasty Brands? A. $109.73 B. $117.23 C. $131.97 D. $135.41 E. $135.50 Answer: A. $109.73

The right answer Is A

But what are the steps to get Answer A?