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Baggins Systems is a firm that has encountered some financial difficulties. The company projects that they will have enough cash flow to continue paying their

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Baggins Systems is a firm that has encountered some financial difficulties. The company projects that they will have enough cash flow to continue paying their current dividend for 6 more years before they must stop paying a dividend altogether. The company just paid a dividend of $21.32, and will continue to pay the same dividend for the next 6 years, after which they will never pay another dividend. What is the value of their stock if the discount rate is 9.69%? Select one: O a. $ 100.87 Ob. $ 93.70 O c. $ 84.02 O d. $ 84.10 Oe. 597.70

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