Question $32$

$1$ pts

A company is set to pay a stock dividend of $$15$ next year. The dividends will grow at a constant rate of $2\%$ thereafter. The required rate of return is $11\mathrm{.}2\%.$ Find the current price of the stock.

$$166\mathrm{.}30$

$$159\mathrm{.}78$

$$750\mathrm{.}00$

$$133\mathrm{.}93$

$$163\mathrm{.}04$