Question: A stock is expected to pay its first $ 21 dividend in 9 years from now. The dividend is expected to be paid annually forever

A stock is expected to pay its first $ 21 dividend in 9 years from now. The dividend is expected to be paid annually forever and grow by 6% pa. The discount rate is 7% pa. Estimate the current stock price. The current stock price should be: Select one: O a. $1,067.5333 O b. $1,142.2607 O c. $1,222.2189 d. $1,243.2189 O e. $2,099.9997

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