You are following a 3 year buy-hold strategy for the purchase of Home Depot stock.
The firm expects to pay a dividend by the end of year 3 in the
amount of $3.87 (D3 = $3.87).
The expected growth rate in earnings over the next 3 years is 5.50%
The expected rate of return on Home Depot is 18.75%.
How much are you willing to approximately pay for Home Depot today?

	a.	Approximate Po = $27.68
	b.	Approximate Po = $29.21
	c.	Approximate Po = $26.24
	d.	Approximate Po = $25.25