Your company will pay a dividend of $0.60 next year and then have it grow annually at 7.50% for the following 3 years before growing at 2% indefinitely thereafter.If the required return is 5.25%, what is the price of the stock today?

Question 27 options:

a)$19.28

b)$19.81

c)$20.35

d)$20.88

e)$21.42