A Stock Is Expected to Pay a Year-End Dividend of $2.00,i.e.,D₁

A stock is expected to pay a year-end dividend of $2.00,i.e.,D₁ = $2.00.The dividend is expected to decline at a rate of 5% a year forever (g = -5%) .If the company's expected and required rate of return is 15%,which of the following statements is correct?

A) The company's current stock price is $20.
B) The company's dividend yield 5 years from now is expected to be 10%.
C) The constant growth model cannot be used because the growth rate is negative.
D) The company's stock price next year is expected to be $9.50.