19. Ralph Industries just paid a dividend of DO = $1.5. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9%. What is the best estimate of the stock's current market value?* O a) $50.20 Ob) $50.98 Oc) $60.98 d) $45.80 None of the above