Nico Corporation's Common Stock Currently Sells for $180 Per Share

Multiple Choice

Nico Corporation's common stock currently sells for $180 per share. Nico just paid a dividend of $10.18 and dividends are expected to grow at a constant rate of 6 percent forever. If the required rate of return is 12 percent, what will Nico Corporation's stock sell for one year from now?

A) $190.80
B) $187.04
C) $195.40
D) $179.84