X Inc. will pay in one year $($at time $1)$ a dividend of $$4\mathrm{.}00.$ The dividend is expected to grow at $12\mathrm{.}00\%$ per year until $($and including$)$ year $3.$ After this, dividends will grow at $3\mathrm{.}00\%$ per year in perpetuity. Assume the discount rate is $6\mathrm{.}00\%.$ What is the stock currently worth?Question $6$

$x$ Inc. will pay in one year $($at time $1)$ a dividend of $$4\mathrm{.}00.$ The dividend is expected to grow at

$12\mathrm{.}00\%$ per year until $($and including$)$ year $3.$ After this, dividends will grow at $3\mathrm{.}00\%$ per year

in perpetuity. Assume the discount rate is $6\mathrm{.}00\%.$ What is the stock currently worth?

$$156\mathrm{.}62$

$$11\mathrm{.}97$

$$133\mathrm{.}33$

$$144\mathrm{.}22$