Question: A firm does not expect to pay dividends in the next six years. Beginning seven years from today, the firm expects to pay a constant

A firm does not expect to pay dividends in the next

A firm does not expect to pay dividends in the next six years. Beginning seven years from today, the firm expects to pay a constant dividend of $5.74 per year forever. Investors required rate of return on the firm's stock is 9 percent. What should the price of the stock be today? -$45.11 O B. $34.88 C. $38.03 D. $41.72

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