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Due to economic challenges XYZ Corp has suspended its dividend for the next four years. The following year, i.e. 5 years from today, the firm

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Due to economic challenges XYZ Corp has suspended its dividend for the next four years. The following year, i.e. 5 years from today, the firm plans to resume dividend payment with a dividend of $1.75 and intends to grow this dividend at a constant rate of 3.3% per year thereafter. If investors require a rate of return of 10.2% for investing in this firm, what would investors be willing to pay for the stock today? $15.61 $17.20 $25.36 $14.51

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