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A firm is expecting a: $5 dividend to be paid to shareholders in one year (t=1); $7 dividend the year after (t=2); and from then

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A firm is expecting a: $5 dividend to be paid to shareholders in one year (t=1); $7 dividend the year after (t=2); and from then on the 2% inflation rate is the expected growth rate of the annual dividend which will be paid annually forever; 10% pa required return on equity. Estimate the current stock price. The stock's current price is estimated to be: Select one: a. $76.859504 b. $77.81405 c. $84.090909 O d. $92.045455 e. $92.5

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