The Red Bud Co. pays a constant dividend of $2.60 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 8.2 percent?

a)$2.81

b)$4.62

c)$2.93

d)$5.20

e)$7.22