Question: A stock is expected to pay its first $460 dividend in 1 year from now. The dividend is expected to be paid annually forever and

A stock is expected to pay its first $460 dividend in 1 year from now. The dividend is expected to be paid annually forever and grow by -1% pa (note the negative sign). The discount rate is 2% pa. Estimate the current stock price. The current stock price should be: Question 9Select one: a. $14,737.92 b. $15,333.33 c. $15,793.33 d. $22,106.88 e. $23,000

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