Question: A stock is expected to pay its first $96 dividend in 9 years from now. The dividend is expected to be paid annually forever and

A stock is expected to pay its first $96 dividend in

A stock is expected to pay its first $96 dividend in 9 years from now. The dividend is expected to be paid annually forever and grow by 0% pa. The discount rate is 7% pa. Estimate the current stock price. The current stock price should be: Select one: O a. $1,371.4286 O b. $894.1839 O c. $798.1839 O d. $745.9663 O e. $697.1647

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