The Zumwalt Company is expected to pay a dividend of $2.25 per share at the end of the year,and that dividend is expected to grow at a constant rate of 5.00% per year in the future.The company's beta is 1.15,the market risk premium is 5.50%,and the risk-free rate is 4.00%.What is the company's current stock price?
A) $42.25
B) $43.31
C) $44.39
D) $45.50
Correct Answer:
Verified
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