The Grist Mill Just Paid Its Annual Dividend of $1

Multiple Choice

The Grist Mill just paid its annual dividend of $1.58 per share. The dividends are expected to grow at 2.7 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require an annual return of 15.2 percent?

A) $15.08
B) $15.24
C) $15.83
D) $15.64
E) $15.33