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12. Human's Inc.'s last dividend (DO) was $1.25, and its earnings and dividends are expected to increase at a constant growth rate of 5%. Humana's

12. Human's Inc.'s last dividend (DO) was $1.25, and its earnings and dividends are expected to increase at a constant growth rate of 5%. Humana's market beta is 1.2. If the current risk-free rate is 3% and the required rate of return on the market portfolio is 12%, what is the company's current expected stock price? Choice: $7.50 Choice: $9.58 Choice: $14.92 Choice: $17.89

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