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A stock is expected to pay its first $86 dividend in 6 years from now. The dividend is expected to be paid annually forever and

A stock is expected to pay its first $86 dividend in 6 years from now. The dividend is expected to be paid annually forever and grow by 2% pa. The discount rate is 5% pa. Estimate the current stock price. The current stock price should be: Select one: a. $1,222.3719 b. $2,037.2864 c. $2,139.1507 d. $2,246.1082 e. $2,866.6666

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