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A company is planning on increasing its annual dividend by 9.00% a year for the next three years and then settling down to a constant

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A company is planning on increasing its annual dividend by 9.00% a year for the next three years and then settling down to a constant growth rate of 4.00% per year in perpetuity. The company just paid its annual dividend in the amount of $1.10 per share. What is the current stock price if the required rate of return is 19.00%? $8.64 $8.85 $9.07 $9.28 $9.50

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