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Gondor Industries just paid a dividend of DO = $2. Analysts expect that the company's...

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Gondor Industries just paid a dividend of DO = $2. Analysts expect that the company's dividend to grow by 20% this year, by 15% in year 2 and 3, 10% in year 4, and at a constant rate of 5% in year 5 and thereafter. The required rate of return on this stock is 8.25%. What would be the stock price at the end of year 4 (P4)? Select one: a. 123.46 b. 112.80 c. 101.21 O d. 154.50 O e. 182.31

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