Question $11$

$1pts$

Angela's Flower just paid $$1$ divided. The expected dividends are $$1\mathrm{.}20,$$$1\mathrm{.}44,$$$1\mathrm{.}728,$ and

$$2\mathrm{.}0736$ over the next $4$ years, respectively. After that, the dividend is expected to increase

by $5\%$ annually. What is should be the price of the stock if the required return of the stock is

$9\mathrm{.}25\%?$

$$35\mathrm{.}63$

$$38\mathrm{.}19$

$$41\mathrm{.}05$

$$43\mathrm{.}19$