You are considering purchasing a stock, and will sell it for $100 per share in 2 years. Dividends per share were $2 per share this year, but you expect them to increase at 20% per year for the next 2 years – and would receive them in years 1 and 2. Your annual MARR is 15%. What is the most you would be willing to pay per share for this stock now?
a) $73.71
b) $74.42
c) $75.98
d) $76.88
e) $78.20
f) $79.88