Company just paid their dividiend=$1.10 (D0). It will grow at 8% the next 3 years. After that growth will be 2% per year. Using a formula, how do you calculate the year 7

a. ($1.10) (1.08 x 3) (1.02 x 4)
b. ($1.10) (1.08 x 3) (1.02 x 3)
c. ($1.10) (1.08)³ (1.02)⁴
d. ($1.10) (1.08)³ (1.02)³
e. ($1.10) (1.08)³ (1.02)²