3. George urges his friend Jerry to buy company K's stock. After some research, Jerry finds out that company K just paid the dividend of $20, and the dividend is going to grow at 1% annually from now on. The current market interest rate is 2.5%. How much should Jerry pay to acquire company K's stock at most? a) 1333.33 b) 1346.67 c) 1360.67 d) 1373.33