The earnings of Kao, Inc. are expected to grow over the next 3 years by 30%, 20%, and 10%, respectively, and by 2% thereafter. The most recent dividend paid by the company was $1.00 (that is, DO = 1.00). If the required rate of return is 5%, what is Kao's current equilibrium stock price? $54.54 $50.39 $58.34 $65.18 $62.12 None of the answers listed above are within $0.15 of the correct answer.

The earnings of Kao,Inc. are expected to grow over the next 3 years by 30%,20%, and 10%, respectively, and by 2% thereafter. The most recent dividend paid by the company was $1.00 (that is, DO =1.00 ). If the required rate of return is 5%, what is Kao's current equilibrium stock price? $54.54 $50.39 $58.34 $65.18 $62.12 None of the answers listed above are within $0.15 of the correct