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A stock is expected to pay its first $0.8 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 $0.8 dividend in 2 years from now (t=2). The dividend is expected to be paid annually forever and grow by 1%pa. The discount rate is 8% 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. $13.5892 b. $11.7671 c. $11.6506 d. $11,457 e. $10.8955

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