[Solved] Mountain Top Nursery is a relatively young firm which just paid its first annual dividend of $0.25 a share. Management projects dividend increases of 10 percent per year for five years followed by a constant growth rate of 3.0 percent annually. What is this stock worth today if the applicable discount rate is 12.5 percent? A) $3.59 B) $4.08 C) $5.42 D) $6.01 E) $6.59 Microscope: An instrument used to see objects that are too small for the naked eye, expanding our understanding of microscopic worlds. Condenser: A device or unit used to condense a substance from its gaseous to liquid state, commonly found in HVAC systems, refrigeration, and laboratory apparatus. Iris: The colored part of the eye that controls the size of the pupil and the amount of light reaching the retina. Substage: In microscopy, the part of the microscope below the stage, often housing the illuminator and condenser, used to adjust the intensity and focus of light on the specimen.