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30 Bethel, Inc. will not pay a dividend for the next four years (i.e., D1=$0;D2=$0;D3 =$0;D4=$0). But exactly five years from today, the company will

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Bethel, Inc. will not pay a dividend for the next four years (i.e., D1=$0;D2=$0;D3 =$0;D4=$0). But exactly five years from today, the company will pay out a dividend of $4.75 (i.e., D5=4.75 ). After that, the dividend will grow at 2.70% per year forever. If the required rate of return on Bethel's stock is 11%, the stock's current price (i.e., P0) is $ 1) 33.14 2) 37.70 3) 35.71 4) 36.46 5) 34.92 6) None of the given answers for this question are within $0.05 of the correct

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