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Bethel, Inc, will not pay a dividend for the next four years (i.e., D2$0:D250 : D3 -$0: D4$0), But exactly five years from today, the

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Bethel, Inc, will not pay a dividend for the next four years (i.e., D2$0:D250 : D3 -\$0: D4$0), But exactly five years from today, the company will pay out a dividend of $4.75 (i.e., D54.75 ). After that, the dividend will grow at 2.70% per year forever. If the required rate of return on Bethel's stock is 11%, the stock's current price (lie., P0 ) is $ 1) 34.92 2) 36.46 3) 35.71 4) 33.14 5) 37.70 6) None of the given answers for this question are within $0.05 of the correct

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