ABC Inc. has paid and will continue to pay $$1$ per share of dividend for the next $3$ years. After the $3$rd$$year it expects to grow its dividend by $3\%$ per year forever. The firm$$s required rate of return on equity is $12\%.$ What is the firm$$s current fair market stock price?$$ $$10\mathrm{.}55$ $$16\mathrm{.}48$ $$9\mathrm{.}04$ $$8\mathrm{.}86$ $$19\mathrm{.}78$ABC Inc. has paid and will continue to pay $$1$ per share of dividend for the next $3$ years. After the $3$rd$$year it expects to grow its dividend by $3\%$ per year forever. The firm$$s required rate of return on equity is $12\%.$ What is the firm$$s current fair market stock price?$$

$$10\mathrm{.}55$

$$16\mathrm{.}48$

$$9\mathrm{.}04$

$$8\mathrm{.}86$

$$19\mathrm{.}78$