Question $4$

You valued West Bank Inc. at $$84.$ You expect its dividend to grow at $3\mathrm{.}5$ percent. You also

estimated the cost of equity $($required rate of return$)$ on your investment would be $8$ percent.

Assuming all else equal, what is the current dividend of the company?

$$3\mathrm{.}65$

$$2\mathrm{.}84$

$$2\mathrm{.}75$