8. You are an investor that wants to buy 1 share of "ABC" Corporation's stock. You expect to sell the stock at the end of year 3 for a price of $60. In the first year you are expected to receive a dividend of $4 per share. The dividend payment is expected to grow by a rate of 3% every year. If the equity cost of capital is 6% which of the following correctly describes how much you would be willing to pay for one share of ABC Corporation's stock? (a) Po = (140.06 + (1+0.06)2 + (1+0.067* + (1+0.06) (b) Po (1 +0.06+ (1+0.06) + (1+0.065* + (0:00 -0.03) (c) Po (+60+ (140.667 7140.06) 10.06 0.037 (d) Po (1+0.06+ (140.06) + (1+0.00 + (1+0.06% (e) None of the above is correct. + 4.2.430 + 60