A stock is expected to pay

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

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

$7\mathrm{.}17\mathrm{.}1\%.$

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

Question content area bottom

Part $1$

A$.$$ $40\mathrm{.}84$

$ $40\mathrm{.}84$$$40\mathrm{.}84$

B$.$$ $51\mathrm{.}05$

$ $51\mathrm{.}05$$$51\mathrm{.}05$

C$.$$ $30\mathrm{.}63$

$ $30\mathrm{.}63$$$30\mathrm{.}63$

D$.$$ $20\mathrm{.}42$

$ $20\mathrm{.}42$