Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3 and continue in year 4, 5 and 6. Starting in Year 6, the company plans to increase the dividend by 3.2 percent per year indefinitely. What is the value of this stock today, Year 0, at a required return of 13.1 percent?

A) $8.22

B) $11.31

C) $11.49

D) $10.35

E) $12.66

20) Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3 and continue in year 4,5 and 6. Starting in Year 6, the company plans increase the dividend by 3.2 percent per year indefinitely. What is the value of this stock today, Year 0 , at a required return of 13.1 percent? A) $8.22 B) $11.31 C) $11.49 D) $10.35 E) $12.66 20) Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3 and continue in year 4,5 and 6. Starting in Year 6, the company plans increase the dividend by 3.2 percent per year indefinitely. What is the value of this stock today, Year 0 , at a required return of 13.1 percent? A) $8.22 B) $11.31 C) $11.49 D) $10.35 E) $12.66