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Stock ZZZ just paid a dividend of $4.25. The next dividend will be paid exactly 3 months from today, and each subsequent dividend will be

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Stock ZZZ just paid a dividend of $4.25. The next dividend will be paid exactly 3 months from today, and each subsequent dividend will be paid exactly 3 months after the previous dividend. Starting with the dividend to be paid 3 months from today and continuing forever, each dividend is expected to be 0.75% greater than the previous dividend. The discount rate applicable to the stock is 9% per year compounded quarterly. What is the value of the stock? Round all intermediate calculations to 6 decimal points. Your final answer should be within $0.05 of the correct answer choice. $283.33 $51.90 $51.52 $285.46

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