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The Three Broomsticks is expected to pay the following dividends over the next four years: $6, $5, $4, and $3. Afterwards the company is expected

The Three Broomsticks is expected to pay the following dividends over the next four years: $6, $5, $4, and $3. Afterwards the company is expected to maintain a constant 2 percent growth rate in dividends. If the required return is 15 percent, what is the fair price of the stock today?

Select one:

A. $23.25

B. $41.54

C. $30.29

D. $26.80

E. $38.91

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