### What will the stock price be in year 18 given expected future dividend growth rate?

A company has announced the growth rate of its dividend going forward will be 2% annually forever. The dividend in year 4 will be $3.00. The discount rate on the stock is 10%. What will the stock price be in year 18? 51.48 50.47 55.43 22.45 65.97 66.99