If a company is expected to earn $$1$ per share this year and $2$ percent more per share each subsequent year, the stock price in an efficient market will reflect

Multiple Choice

$$ the $2$ percent annual growth but not the starting point of $$1$ per share.

$$ the $$1$ per share but ignore the $2$ percent annual growth.

$$ neither of these pieces of information.

$$ both of these pleces of information.