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Next year's dividends per share, i.e., D1, are expected to come in at $3.00 for the entire year. Your required rate of return on this

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Next year's dividends per share, i.e., D1, are expected to come in at $3.00 for the entire year. Your required rate of return on this investment is 7.00% and your projected constant growth rate is 4.00%. Based on this information, and using the constant growth dividend growth model what is the estimated value of one share of this investment? 1) Between $50.00 and $85.00 2) Between $85.01 and $95.00 3) Between $95.01 and $115.00 4) Greater than $115.00

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