Company ABC pays dividend at the end of each year. On 31.12.2018 r. Company paid a dividend in amount of PLN 800 per share. It is expected that in the next three years dividend will increase with a rate of 4% p.a. and then in the next years it will increase with a rate of 2% p.a. Calculate price (present value) of such share on 01.01.2019 r. assuming that those shares will be sold on 01.01.2025 for 9 000 PLN each share. Assume that expected market rate in 2018 2022 will be 6% over 6M and in 2023 2025 will be 4% over 3M? Select one: O a. 12 671,58 O b. 8 631,45 O c. 7 665,86 d. 7 871,11 e. 6 975,45 f. 7 557,57 O g. 8 347,07 h. 8 165,81 O i. 7 757,79 j. 9 536,97 k. 8 313,12 1.7 744,87 O m. 7 523,23 n. 7 489,87 7 Aco