Question $97$

Dividend Discount Model: A stock has a dividend of $$2$ per share, which is expected to grow at a constant rate of $3\%$ indefinitely. If the required rate of return is $8\%,$ what is the intrinsic value of the stock?

Select one

A$.$ $$28\mathrm{.}57$

B$.$ $$30\mathrm{.}00$

C$.$ $$32\mathrm{.}50$

D$.$ $$33\mathrm{.}33$