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  3. 6. a company just paid a dividend of do = $1.50 fo

6. A company just paid a dividend of Do = $1.50 for its stock Company's...

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6. A company just paid a dividend of Do = $1.50 for its stock Company's dividends are expected to grow by 60% in the first year by 35% in Year 2, by 16% in Year 3 and and at a constant rate of 4% in Year 4 and thereafter. The required return on this stock is 15%. What is the stock's current value? $33.10 $28.24 $33.41 $30.37 $28.55

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