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15. A firm will pay a dividend per share of $2 in 1 year, $4.25 in 2 years, $6.00 in 3 years, and $6.25 in

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15. A firm will pay a dividend per share of $2 in 1 year, $4.25 in 2 years, $6.00 in 3 years, and $6.25 in 4 years. You can sell the stock for $120 in 4 years. If you require a 9% return on your investment, how much would you be willing to pay for a share of this stock today? A. $75.45 B. $77.24 C. $81.52 D. $98.48 E. None of the above

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