A stock just paid a $10 dividend. This dividend will grow at 2% each year in perpetuity. The required rate of return for this stock is 6%. What is the price of the stock today (not including today's dividend)? A stock just paid a $10 dividend. This dividend will grow at 2% each year in perpetuity. The required rate of return for this stock is 6%. What is the price of the stock today (not including today's dividend)?

$255 $265 $278 $289