Using a dividend discount model, what is the true value of a stock that just paid a dividend of $2.30 (D.). Assume that during the first stage the dividend grows at 80% for 4 years, so the end of stage one is t=4. In the second stage you expect the company to grow at 5% for the rest of its life. Use a discount rate of 19%. $92.12 O $80.01 O $119.04 O $87.65