Answer Happy

If 1) the expected return for Belmont Bagels stock is 8.26 percent; 2) the dividend is expected to be $4.13 in one year, $0.00 in two years, $6.23 in three years, $0.00 in four years, and $2.15 in five years; and 3) after the dividend is paid in five years, the dividend is expected to begin growing by 4.07 percent a year forever, then what is the current price of one share of the stock? An amount less than $44.66 or a rate greater than $53.15 An amount equal to or greater than $46.80 but less than $47.59 An amount equal to or greater than $44.66 but less than $46.801 An amount equal to or greater than $47.59 but less than $49.48 An amount equal to or greater than $49.48 but less than $53.15 OO