[单选题]

Assume that a stock is expected to pay dividends at the end of Year 1 and Year 2 of $25 and $56, respectively. Dividends are expected to grow at a 5% rate thereafter. Assuming that ke is 11%, the value of the stock is closest to:

A.$22.30.

B.$23.42.

C.$24.55.

参考答案与解析:

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