Kamila is examining the stock of Wilsonn, Inc., and has been asked to estimate a future price. The firm just paid a dividend of $10.55, which is expected to grow at 0.6%, and Kamila has also calculated the required rate of return as 7.6%. If these assumptions hold, what should the stock sell for in 18 years?

Select one:

a.

$168.86

b.

$151.62

c.

insufficient information to determine

d.

$151.17

e.

$152.53

f.

$150.71