OMG Corporation Just paid a $$2\mathrm{.}50$ annual dividend on each share. It is planning on

Increasing its dividend by $18$ percent a year for the next $4$ years. The corporation will

then decrease the growth rate to a rate of $3$ percent per year, and keep it that way

Indefinitely. The required rate of return is $8\mathrm{.}00$ percent. Calculate the current value of

one share of this corporation's stock.

Multiple Choice

$$99\mathrm{.}85$

$$85\mathrm{.}93$

$$88\mathrm{.}43$

$$73\mathrm{.}39$

$$102\mathrm{.}35$