$6.$ Chapter MC$,$ Section $\mathrm{.}09,$ Problem $066.$Algo

Francis Inc.$\text{'}$s stock has a required rate of return of $10\mathrm{.}55\%,$ and it sells for $$30\mathrm{.}00$ per share. The dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ per year. What is the expected year$-$end dividend, D$1?$

a$.$ $$3\mathrm{.}17$

b$.$ $$1\mathrm{.}80$

c$.$ $$1\mathrm{.}29$

d$.$ $$1\mathrm{.}37$

e$.$ $$1\mathrm{.}45$