Question: a company common stock paid a dividend if $1.20 per share LAST year. The company expects earnings and dividends to grow at a rate of

a company common stock paid a dividend if $1.20 per share LAST year. The company expects earnings and dividends to grow at a rate of 15% per year for the foreseeable future. its today stock price is 30.

a. 19

b. 15

c. 19.4

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