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D Question 29 1 pts The following information applies to the next two questions (29-30) Ferry Corporation has been growing at a rapid pace of 30% per year in recent years. This super growth rate is expected to last for two more years. After that Ferry expects to grow at a constant rate of 8%. Ferry paid an annual dividend of $1.00 per share last year (Do = $1.00) and the required rate of return is 12%. What is the expected stock price at the end of year 22 (Hint: find D3 first) 1. $54.93 2. $51.83 3. $49.33 4. $47.45 5. $45.63 3 0.4 15 1 2 Question 30 1 pts Based on the information and answer from Q 29, what should be Ferry's stock price today (Hint: discount all future cash flows to the present)? 1. $40.66 2. $38.88 3. $36.08 4. $35.47 5. $34.55 KIN IND 1 2