ABC Corp Is Expected to Pay a Dividend of $5

ABC Corp. is expected to pay a dividend of $5.00 per year indefinitely. If the appropriate rate of return on this stock is 5 percent per year, and the stock consistently goes ex-dividend 45 days before the dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?

A) $98.83
B) $100.00
C) $104.37
D) $123.29