The Connors Company’s last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. Connors’ required return (rs) is 12%. What is Connors’ current stock price? (Points: 5), $54.91 , $56.82 , $58.15 , $60.07 , $62.87
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