Question: Please answer ASAP A stock is expected to pay its first $ 21 dividend in 7 years from now. The dividend is expected to be

Please answer ASAP

A stock is expected to pay its first $21 dividend in 7 years from now. The dividend is expected to be paid annually forever and grow by 4% pa. The discount rate is 5% pa. Estimate the current stock price. The current stock price should be:

Question 9Select one:

$284.27

$1,492.43

$1,567.05

$1,588.05

$2,100

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