A stock is expected to pay

$ $1\mathrm{.}15$$$1\mathrm{.}15$

per share every year indefinitely and the equity cost of capital for the company is

$8\mathrm{.}58\mathrm{.}5\%.$

What price would an investor be expected to pay per share ten years in the$$ future?

Question content area bottom

Part $1$

A$.$$ $20\mathrm{.}3$

$ $20\mathrm{.}3$$$20\mathrm{.}3$

B$.$$ $33\mathrm{.}83$

$ $33\mathrm{.}83$$$33\mathrm{.}83$

C$.$$ $27\mathrm{.}06$

$ $27\mathrm{.}06$$$27\mathrm{.}06$

D$.$$ $13\mathrm{.}53$

$ $13\mathrm{.}53$