TTT Corp. just paid an annual dividend of $15. The company follows a dividend policy that raises dividends annually at a rate of 2% (and expects this rate to go forever). The required rate of return is 12%.

What is today's stock price?

Question 13 options:

1)

125.00

2)

210.00

3)

52.50

4)

150.00

5)

153.00