The Upton Company's last dividend was $1.75.Its dividend growth rate is expected to be constant at 18.00% for 2 years,after which dividends are expected to grow at a rate of 6.00% forever.Upton's required return (rs) is 12.00%.What is Upton's current stock price?
A) $37.15
B) $38.10
C) $39.06
D) $40.03
Correct Answer:
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