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I also need to see how the work is done. I am trying to understand the process and need to check my own answers against those of another person.

I need help checking my answers. I also need to see how the work is done. I am trying to understand the process and need to check my own answers against those of another person.

1.    A stock is expected to pay a dividend of $3.00 at the end of the year (D1 = 3.0). The required rate of return is rs = 8%, and the expected constant growth rate is g = 2.0%. What is the stock's current price?

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