Question: Please answer ASAP A stock is expected to pay its first $ 740 dividend in 1 year from now. The dividend is expected to be

Please answer ASAP

A stock is expected to pay its first $740 dividend in 1 year from now. The dividend is expected to be paid annually forever and grow by 5% pa. The discount rate is 6% pa. Estimate the current stock price. The current stock price should be:

Question 6Select one:

$74,000.02

$65,859.75

$14,800

$12,333.33

$10,976.62

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