11. Dukhan, Inc. manufactures "no-inhale" cigarettes. As their target customers age and pass on, sales of the product are expected to decline. Thus, demographics suggest that earnings and dividends will decline at a rate of 4% annually forever. The firm just paid a dividend of OMR 7; given a required return is 10%, the price of the stock in 2 years will be:

OMR 44.24 a)

OMR 46.08 b)

OMR 54.08 c)

d) OMR 121.33

e) OMR 131.23