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A stock is expected to pay its first $91 dividend in 7 years from now. The dividend is expected to be paid annually forever and

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A stock is expected to pay its first $91 dividend in 7 years from now. The dividend is expected to be paid annually forever and grow by -3% pa (note the negative sign). The discount rate is 6% pa. Estimate the current stock price. The current stock price should be: Select one: a. $1,011.1111 O b. $951.5755 O c. $712.7935 O d. $672.4467 O e. $634.3836 Clear my choice

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