Hudson Corporation will pay a dividend of $3.80 per share next year. The company pledges to increase it's dividend by 2.30 percent per year indefinitely. If you require a return of 10.30 percent on your investment, how much will you pay for the company's stock today?

A) 49.40

B) 46.43

C) 45.60

D) 29.48

E) 47.50