Stag Corporation is expected to pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 7%. The required rate of return is 15%.

What is the market price of the stock at the end of four years?

Group of answer choices

a. $87.50

b. $57.54

c. $93.63

d. $69.42