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Pike Corporation just paid a dividend of $2.20 a share (that is, D 0 = $2.20). The dividend is expected to grow 11 percent a

Pike Corporation just paid a dividend of $2.20 a share (that is, D 0 = $2.20). The dividend is expected to grow 11 percent a year for the next 4 years and then at 4 percent a year thereafter. What is D 6, the expected dividend per share for Year 6?

a.

$4.23

b.

$3.34

c.

$3.61

d.

$4.11

e.

$2.78

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