A common stock has just paid a dividend of $1.00 per share. If the expected long-run growth rate for this stock is 6% per year, and investors require an 10% rate of return, what should be the price of the stock after 2 year? Question 4 options:

a. 26.50

b. 19.85

c. 29.78

d. 28.09

e. 11.24