Question: Double checking these to see if the answer circled is correct or not. Please show work of the problem, so I can understand better. *17.

Double checking these to see if the answer circled is correct or not. Please show work of the problem, so I can understand better.

Double checking these to see if the answer circled is correct or

*17. A fast growing company paid a dividend this year of $1.25, which is expected to grow at 20% for two years. Afterwards, the growth rate will be 9%. If the required is 12%, what is the value of this stock? a. $15.62 b. $41.67 c. $54.91 d $65 40 tr

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