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Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $1.50, $1.25, and $1.00 over the next three years, respectively. After that,

Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $1.50, $1.25, and $1.00 over the next three years, respectively. After that, the firm will increase the dividend by 4% each year. what is the value of this stock today at a discount rate of 9%?

A) $19.93

B) $19.54

C) $19.69

B) $19.26

D) $20.48

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