Q 3 Contantia, Inc., just paid a dividend of $5.8 per share on its stock. The dividends are expected to grow at a constant rate of 8.8 percent per year, indefinitely. If investors require a return of 15.32 percent on this stock, what is price in 5 years?

Select one:

a. $132.75

b. $98.37

c. $211.33

d. $147.55