9. If 1) the expected return for Belmont Bagels stock is 9.49 percent; 2) the dividend is expected to be $0.00 in one year, $4.02 in two years, $0.00 in three years, $6.07 in four years, and $2.76 in five years; and 3) after the

dividend is paid in five years, the dividend is expected to begin growing by 4.55 percent a year forever, then what is the current price of one share of the stock?

O An amount equal to or greater than $42. 66 but less than $44.77

O An amount less than $42.66 or a rate greater than $59.70

O An amount equal to or greater than $52.04 but less than $59.70

O An amount equal to or greater than $44.77 but less than $47.33

O An amount equal to or greater than $47.33 but less than $52.04