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A stock is expected to pay its first $0.1 dividend in 2 years from now (t=2). The dividend is expected to be paid annually forever

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A stock is expected to pay its first $0.1 dividend in 2 years from now (t=2). The dividend is expected to be paid annually forever and grow by -1% pa (note the negative sign). The discount rate is 7% pa. Estimate what the stock price will be in 2.25 years from now. The stock price at time 2.25 is expected to be: Select one: a. $1.1763 O b. $1.246 O c. $1.25 O d. $1.2586 e. $1.2713

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