Question: A stock is expected to pay its first $11 dividend in 9 years from now. The dividend is expected to be paid annually forever and

A stock is expected to pay its first $11 dividend in

A stock is expected to pay its first $11 dividend in 9 years from now. The dividend is expected to be paid annually forever and grow by 2% pa. The discount rate is 4% pa. Estimate the current stock price. The current stock price should be: Select one: a. $185.7802 b. $371.5603 c. $401.8796 d. $412.8796 e. $550

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