A company has a 14.50% required rate of return and will not pay any dividends for the next seven years. At the beginning of year 8, it will pay a dividend of $4.25 per share. The dividend (always paid at the beginning of a year) is expected to grow at 9.25% annually from that point onwards. Calculate the stock price today.

Question 6 options:

A)$33.23

B)$34.13

C)$35.03

D)$35.92

E)$36.82