QUESTION $4$

If $1)$ the expected return for Mindy's Mending stock is $17\mathrm{.}04$ percent; $2)$ the dividend is expected to be $$0\mathrm{.}00$ in one year, $$3\mathrm{.}70$ in two years, $$0\mathrm{.}00$ in three years, $$8\mathrm{.}17$ in four years, and $$11\mathrm{.}89$ in five years; and $3)$ after the dividend is paid in five years, the dividend is expected to grow by $3\mathrm{.}07$ percent per year forever, then what is the current price of the stock?

$$52\mathrm{.}41($plus or minus $2$ cents$)$

$$45\mathrm{.}81($plus or minus $2$ cents$)$

$$51\mathrm{.}22($plus or minus $2$ cents$)$

$$47\mathrm{.}00($plus or minus $2$ cents$)$

the answer cannot be obtained based on the given information