Question: Dunder-Mifflin/Saber has announced that it will begin paying dividends with the first dividend of $5.50 per share to be paid in eight years and grow

Dunder-Mifflin/Saber has announced that it will begin paying dividends with the first dividend of $5.50 per share to be paid in eight years and grow at 6% per year afterward. If you require a return of 18%, what is the most you would pay for the stock today? A. $31.23 B. $45.83 C. $14.39 OD. $12.19

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