Question $9(10$ points$)$

Valuing a share of a stock $(P$ that pays a constant dividend forever:

Assume you expect the dividend to be $$1\mathrm{.}50$ in one year $($not right away, but wait one year out.

Required rate of return is $5\%.$

What is the Price of a share of this stock?

$$42$

$$1500$

$$30$

None of the above