Tom Brady recently pays dividends. Future dividends are projected at $3, $4, and $5 over the next three years, respectively. Beginning four years from now, the annual dividend is expected to grow at 4% annually forever. What is one share of this stock worth to you today if you require a 9 percent rate of return on similar investments?

Question 17 options:

	$49.86
	$44.04
	$111.33
	$74.90
	$63.92