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Another Brick in the Wall, Co. is expected to pay dividends of $3.50 and $2.60 over the next two years, respectively. After that, the company

Another Brick in the Wall, Co. is expected to pay dividends of $3.50 and $2.60 over the next two years, respectively. After that, the company is expected to increase its annual dividend 3.7 percent per year forever. What is the stock price today if the required return is 12 percent?

a. $29.01

b. $31.08

c. $35.99

d. $33.57

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