You are considering the purchase of shares of Zeus. But you do not know what the fair price would be. So you use the dividend discount model knowing that you will receive a dividend of $4.12 per share one year from now and you expect that dividend to grow at 6% for an additional eight years (years 2-9, through the 9^th dividend payment); and then be flat in Year 10 and thereafter. Your assumed discount rate is 11%.

What is each share of Zeus worth today?

A) $51.32

B) $60.36

C) $49.05

D) $49.83

E) $55.42