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If 1) the expected return for Belmont Bagels stock is 8.98 percent; 2) the dividend...

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Finance

If 1) the expected return for Belmont Bagels stock is 8.98 percent; 2) the dividend is expected to be $0.00 in one year, $4.32 in two years, $6.31 in three years, $0.00 in four years, and $2.28 in five years; and 3) after the dividend is paid in five years, the dividend is expected to begin growing by 4.01 percent a year forever, then what is the current price of one share of the stock?

A)An amount equal to or greater than $39.70 but less than $41.78

B) An amount less than $39.70 or a rate greater than $47.49

C) An amount equal to or greater than $42.59 but less than $44.26

D) An amount equal to or greater than $41.78 but less than $42.59

E) An amount equal to or greater than $44.26 but less than $47.49

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