QUESTION $19$

Company Z$\text{'}$s earnings and dividends per share are expected to grow indefinitely by $5\%$ a year. If next year's dividend is $$10$ and the cost of equity is $8\%,$ wha the current stock price?

$$ $$333\mathrm{.}33$

$$250$

$$500$

$$76\mathrm{.}92$

$$18$