Question text Based on the following information for a common stock: Dividend per share just paid (D 0 ) = $4 Required rate of return (R s ) = 10%...

Question text

Based on the following information for a common stock:

Dividend per share just paid (D0) = $4

Required rate of return (Rs) = 10%

Expected constant growth rate (g) = 5%. What is the expected price of the stock?

Select one:

a. $93.75

b. $77.84

c. $84

d. $88.29