A stock pays out $$4\mathrm{.}27$ per quarter, this is expected to grow at a $1\mathrm{.}1\%$ rate per quarter forever. If the expected return of the stock is $8\%$ per year, what is the current expected

stock price $($Remember to keep time consistent, quarter v$.$s$.$ year$)($Please write in decimal format using $5$ decimal places and do not use the $ symbol$)$

Selected Answer:

$232\mathrm{.}989$

Correct Answer:

$474\mathrm{.}44444+-0\mathrm{.}001$