problem: A stock is expected to pay a dividend of $1.00 at the end of the year (D1 $1.00), which is expected to grow 25 percent in each of the following two years and at a constant rate of 6 percent, thereafter. If the stock's required return is 11 percent, find out the stock's price today?
[A] $30.48
[B] $32.71
[C] $35.38
[D] $26.14
[E] $27.28