Question: Please help!! 3. Duffs Co. is growing quickly. Dividends are expected to grow at a 20 percent rate for the next four years, and thereafter,

Please help!! 3. Duffs Co. is growing quickly. Dividends are expected

Please help!!

3. Duffs Co. is growing quickly. Dividends are expected to grow at a 20 percent rate for the next four years, and thereafter, the rm maintains a constant dividend amount of $5. If the required return is 15 percent and the company just paid a $1.80 dividend, what is the current share price? (Choose the closest answer). A. 26.03 B. 27.07 C. 28.5 D. 30.03

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