Question: question 34 (B is wrong) QUESTION 34 Consider a company which currently pays a dividend of $1.00. Fantastic earnings growth is on the horizon, and

question 34 (B is wrong)

QUESTION 34 Consider a company which currently pays a dividend of $1.00. Fantastic earnings growth is on the horizon, and management projects dividends will increase by 50% per year for the next 3 years. After this three year period, dividends will likely grow by a more modest 2% forever. Assuming a required rate of return of 7%. what is the share price today? A $62.32 B. $68.85 C. $72.23 D.$74.97

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