Anyone?

You are looking for a dividend security to provide yourself with additional steady income. You have found a company with an expected dividend next year of $1.20. You have done an analysis on the company's past dividends and the dividend amount has increased at a constant rate of 3.4 percent for the last eight years and you have no expectation of a change in growth rate. If you require a 9 percent rate of return on your investments, what should you be willing to pay today for the stock? Select one: a. Less than $24.00 b. Between $24.00 and $24.70 C. Between $24.70 and $25.40 d. Between $25.40 and $26.10 O e. Greater than $26.10