The Queensland Border Company Has Just Paid an Annual Dividend

The Queensland Border Company has just paid an annual dividend of $4.20 per share and is expected to pay annual dividends of $4.40 and $4.50 per share for the next two years,respectively.After that,the firm expects to maintain a constant dividend growth rate of 2 per cent per year.What is the value of this stock today if the required return is 14 per cent?

A) $30.04
B) $33.33
C) $32.18
D) $35.80
E) $36.75