You can use Excel for this question: A stock is about to pay a $$9$ dividend. This dividend will grow at $4\%$ each year in perpetuity. The required rate of return for this stock is $8\mathrm{.}5\%.$ What is the price of the stock today? $($note: include today's dividend in the price$)$

$$217\mathrm{.}00$

$$233\mathrm{.}97$

$$298\mathrm{.}76$

$$225\mathrm{.}90$