A stock expects to pay a year-end dividend of $2.00 a share (i.e., D₁ = $2.00). The dividend is expected to grow 5 percent a year, forever (i.e., g = 5%). The company's expected and required rate of return is 12 percent. Which of the following statements is most correct?

	The company's stock price is $18.
	The company's dividend in 5 years (D5) is expected to be $2.43.
	The company's stock price 5 years from now is expected to be $26.47.
	Both answers b and c are correct.
	All of the above answers are correct.