Investors that have purchased the stock of Bellmont Corp. are expected to receive dividends of $45 each year for the next 5 years. If they happen to sell this stock after just a year, they would expect the stock to sell at $600. If you were to buy the shares today and make a 20% return, what should be the present value of the stock?

1. $121.7
2. $537.5
3. $757.5
4. $341.4