Question: A stock is expected to pay its first $ 66 dividend in 7 years from now. The dividend is expected to be paid annually forever

A stock is expected to pay its first $66 dividend in 7 years from now. The dividend is expected to be paid annually forever and grow by 0% pa. The discount rate is 3% pa. Estimate the current stock price. The current stock price should be:

Select one:

a. $2,200

b. $1,908.4654

c. $1,842.4654

d. $1,788.8014

e. $1,736.7004

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