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Shareholders of Evercore Inc. (ticker symbol: EVR) just received an annual dividend of $1.90 per share. During the next 4 years, as a result of

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Shareholders of Evercore Inc. (ticker symbol: EVR) just received an annual dividend of $1.90 per share. During the next 4 years, as a result of the strong momentum and positive outlook in their business, Evercore expects its annual dividend to grow by 19% per year. Afterwards, Evercore expects to grow at a constant annual rate of 4%. If you require a 7.40% rate of return, how much will you pay today for one share of Evercore? Multiple Choice $87.59 $116.55 $118.45 $99.38 $97.48

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