Question: Het? 8.16% 0/5 pts Incorrect Question 8 Mack Industries just paid a dividend of $1.00 per share (ie., Do = $1.00). Analysts expect the company's

Het? 8.16% 0/5 pts Incorrect Question 8 Mack Industries just paid a dividend of $1.00 per share (ie., Do = $1.00). Analysts expect the company's dividend to grow 20 percent this year (ie, D = $1.20), and 15 percent next year and 10% the year after. After three years the dividend is expected to grow at a constant rate of 5 percent. The required rate of return on the company's stock is 12 percent. What should be the current price of the company's stock? a $16.65 $1233 $19.46 $16.91 $18.67 5/5 pts Question 9

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