problem: The Connors firm's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15 percent for 2 years, after which dividends are expected to increase at a rate of 10% forever. Connors' required return is 12%. find out Connors' current stock price?
[A] $58.15
[B] $60.07
[C] $54.91
[D] $56.82
[E] $62.87