A firm has paid an annual dividend of $$1$ per share on its common stock for the past $15$ years and is expected to continue doing so long into the future. Given this information, one share of the firm's stock is:

Multiple Choice

basically worthless as it offers no growth potential.

equal in value to the present value of $$1$ paid one year from today.

priced the same as a $$1$ perpetuity.

valued at an assumed growth rate of $1$ percent.

worth $$1$ per share in the current market