You are considering the purchase of a common stock that paid a dividend of $2.00 yesterday. You expect this stock to have a fast growth rate of 15 percent for the next 2 years, resulting in dividends of D1-$2.30 and 02-$2,645. The long-run normal growth rate after year 2 is expected to be 10 percent (that is, a constant growth rate after year 2 of 10% per year forever). If you require a 14 percent rate of return, how much should you be willing to pay for this stock? $62.57 $60.02 $49.75 $53.65