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UNT Corp. just paid a dividend of $ 0 . 5 0 per share. Analysts expect its dividend to grow at 4 0 percent per

UNT Corp. just paid a dividend of $0.50 per share. Analysts expect its dividend to grow at 40 percent per year for the next two years and then 5 percent per year thereafter. If the required rate of return in the stock is 14 percent, which of the following is closest to the current value of the stock today?
Multiple Choice
$8.82
$10.38
$1.11
$7.71
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