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Part $1$

A stock is expected to pay $ $1\mathrm{.}15$ per share every year indefinitely and the equity cost of capital for the company is $8\mathrm{.}8\%.$ What price would an investor be expected to pay per share ten years in the$$ future?

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Part $1$

A$.$$ $13\mathrm{.}07$

$ $13\mathrm{.}07$

B$.$$ $32\mathrm{.}68$

$ $32\mathrm{.}68$

C$.$$ $19\mathrm{.}61$

$ $19\mathrm{.}61$

D$.$$ $26\mathrm{.}14$

$ $26\mathrm{.}14$