Hilltop Markets Will Pay an Annual Dividend of $2

Hilltop Markets will pay an annual dividend of $2.73 a share on its common stock next week. Last year, the company paid a dividend of $2.60 a share. The company adheres to a constant rate of
Growth dividend policy. What will one share of B&K common stock be worth 5 years from now if the
Applicable discount rate is 9.5%?

A) $77.43
B) $78.97
C) $79.00
D) $79.67
E) $81.30