The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $2.90 per share. What is the current value of one share of this stock if the required rate of return is 8.40 percent? $162.24 $224.02 $178.62 $226.92 $175.72

The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its vidend by 15 percen per year. The company just paid its annual dlvidend in the amount of $2.90 per share. What is the current value of one share of this stock if the required rate of return is 8.40 percent? $162.24 O $224.02 O $178.62 $226.92 $175.72