Question: how do you calculate the answer is 19 in this question? 24) H&H Incorporated currently pays a dividend of $2.00 a share. These dividends are

how do you calculate the answer is 19 in this question?

24) H&H Incorporated currently pays a dividend of $2.00 a share. These dividends are expected to grow at a rate of 5% for the next three years, after which the dividend is expected to remain constant. If investors require a 12% return, at what price should this stock sell? Round your 24) answer to the nearest dollar. A) $19 B) $5 Answer: A C) $29 D)$24

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