$16)$You are eyeing a stock that is projected to pay dividends in the $3$ years of your holding period of $$4\mathrm{.}50,$ $$4\mathrm{.}95$ and $$5\mathrm{.}20$ per share. You expect the value at the end of year $3$ to be $$33$ per share and your hurdle rate for investments is $12\mathrm{.}50\%.$ What is the max you should pay for the stock?

a$.$ Forget it$,$ the stock market is not dope.

b$.$ The max value is $$34\mathrm{.}74$

c$.$ The market price is $$38\mathrm{.}65$

d$.$ The max value is $$42\mathrm{.}55$