Cox Footwear Pays a Constant Annual Dividend

Cox Footwear pays a constant annual dividend.Last year,the dividend yield was 3.2 percent when the stock was selling for $35a share.What is the current price of the stock if the current dividend yield is 2.9 percent?

A) $18.92
B) $38.62
C) $25.20
D) $26.87
E) $27.40