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Barbaras Flying Quiditch Sticks is expecting zero growth for the next 3 years, but as...

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Finance

Barbaras Flying Quiditch Sticks is expecting zero growth for the next 3 years, but as soon as the newest model is developed, growth is expected to be 5% from then on. They just paid a dividend of $1.15. If the required rate of return is 11%, what should the stock sell for today?

Select one:

a. Insufficient information to determine

b. 18.13

c. 22.94

d. 17.81

e. 17.53

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