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XYZ Ltd just paid $1 per share as dividends this year. The company is expected to grow by 30% per year for the following 2

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XYZ Ltd just paid $1 per share as dividends this year. The company is expected to grow by 30% per year for the following 2 years. After that, the company is expected to grow by 5% indefinitely. The cost of equity capital is 18%. What is the fair stock price of XYZ Ltd?: a. $12.12 O b. $7.69 O c. $10.27 O d. $15.75

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