A stock is not expected to pay a dividend over the next four years. Five years from now, the market (investors) anticipates that it will establish a dividend of $1.00 per share (ie, D5 = $1.00). Once the dividend is established, the market expects that the dividend will grow at a constant rate of 5 percent per year forever. The required rate of return on the company's stock is expected to remain constant at 11 percent. What is an estimate of the current fair market price per share of the stock? I.e O A. $7.36 B. $8.62 D. $10.98 C. $9.89