Summit Systems has revised its growth prospects and now expects its dividends to grow at a rate of $2\mathrm{.}69\%$ per year forever.

a$.$ What is the drop in value of a share of Summit Systems stock based on this information?

b$.$ If you tried to sell your Summit Systems stock after reading this news, what price would you be likely to get? Why?

a$.$ What is the drop in value of a share of Summit Systems stock based on this information?

The drop in value of a share of Summit Systems stock is $$,($Round to the nearest cent.$)$

b$.$ If you tried to sell your Summit Systems stock after reading this news, what price would you be likely to get?

The price of a share would likely be $ $($Round to the nearest cent.$)$

Why? $($Select the best choice below.$)$

A$.$ You would receive $$30\mathrm{.}43$ if you act very quickly because it takes a day or two for markets to incorporate the information about the new growth rate.

B$.$ You would receive $$20\mathrm{.}30$ because markets are efficient and would incorporate the information about the new growth rate immediately.

C$.$ You would receive $$30\mathrm{.}43$ because when you bought the stock, the dividend growth rate was still $5\mathrm{.}33\%.$

D$.$ You would receive a price between $$20\mathrm{.}30$ and $$30\mathrm{.}43$ because you should get a blend of the old and new growth rate of dividends.