Question: The Copperfield Auction House is growing quickly. Dividends are expected to grow at 21.04% for the next three years, after which growth is expected to

The Copperfield Auction House is growing quickly. Dividends are expected to grow at 21.04% for the next three years, after which growth is expected to be a constant 2.93%. The required return is 15.52% and the company just paid a $1.77 annual dividend. What is the current share price? (Round all intermediate steps to 4 digits) (Round Answer to nearest penny)

Select one:

a. $ 22.48

b. $ 25.72

c. $ 27.78

d. $ 19.98

e. $ 20.17

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