Question $6$

$1$ pts

A Toy company plans just paid a dividend of $$1\mathrm{.}50$ a share. The company's dividend is growing at a constant rate of $4$ percent. If the required rate of return is $7$ percent, what will one share of their stock be worth four years from now? $($round to nearest$)$

$62\mathrm{.}34$

$50$

$$60\mathrm{.}83$

$$52\mathrm{.}10$

none of these