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Hyde Inc. is expected to pay a dividend of $ 4 . 0 0 per share next year ( that is , D 1 =

Hyde Inc. is expected to pay a dividend of $4.00 per share next year (that is,D1=$4.00), which is expected to grow at a 6% rate annually forever thereafter. Given the risk level of the stock, investors require a 10% return on this stock, what should be the market price of Hyde Inc.'s common stock?
a. $75.00
b. $85.00
c. $95.00
d. $100.00
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