Question: A stock is expected to pay its first $ 41 dividend in 8 years from now. The dividend is expected to be paid annually forever

A stock is expected to pay its first $41 dividend in 8 years from now. The dividend is expected to be paid annually forever and grow by -2% pa (note the negative sign). The discount rate is 5% pa. Estimate the current stock price. The current stock price should be:

Select one:

$396.4345

$416.2562

$457.2562

$528.5793

$585.7143

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