Question: PLEASE ANSWER QUICKLY... MULTIPLE CHOICE Peterson Corporation is expected to enjoy a very rapid growth rate in dividends of 30 percent a year for the

PLEASE ANSWER QUICKLY... MULTIPLE CHOICE Peterson Corporation is expected to enjoy a very rapid growth rate in dividends of 30 percent a year for the next three years. This growth rate is then expected to slow to 20 percent a year for the next two years. After that time, the growth rate is expected to be a constant 6 percent a year. Current dividend is $2. The required rate of return is 20 percent. What is the estimated price of the stock?

a. $19.76

b. $26.82

c. $31.18

d. $69.56

e. None of the above

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