Question: False Bard Corp is growing quickly. Dividends are expected to grow at a rate of 2 5 % next year, then 2 0 % in

False Bard Corp is growing quickly. Dividends are expected to grow at a rate of 25% next year, then 20% in year 2, with the growth rate dropping to a constant 5%, thereafter. If the required return is 10% and the company just paid a dividend of $2.00, what is the current share price?
Use the below table if you wish to copy the data into Excel.
Most Recent Dividend $2.00
Dividend Growth Year 125%
Dividend Growth Year 220%
Dividend Growth Years 3-infinity 5%
Required Rate of Return 10%
Group of answer choices
$7.04
$266.67
$63.00
$25.00
$56.82
$418.33
$48.71
$258.67

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