Question: A stock is expected to pay its first $61 dividend in 9 years from now. The dividend is expected to be paid annually forever and

A stock is expected to pay its first $61 dividend in

A stock is expected to pay its first $61 dividend in 9 years from now. The dividend is expected to be paid annually forever and grow by -3% pa (note the negative sign). The discount rate is 5% pa. Estimate the current stock price. The current stock price should be: Select one: a. $762.5 O b. $748.9742 O c. $577.09 O d. $516.09 e. $468.1089

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