Keidis Industries will pay a dividend of $4.35, $5.45, and $6.65 per share for each of the next three years, respectively. In four years, you believe that the company will be acquired for $61.00 per share. The return on similar stocks is 9.4 percent. What is the current stock price?

Select one:

a. $70.11

b. $61.33

c. $56.19

d. $58.58

e. $54.39