#17

The Francis Company is expected to pay a dividend of D1=$1,25 per shoce at the end of the year, and that dividend is expected to grow at a contlant rote of 6 . Oos per year in the future. The company's beta is 0.85, the market risk premium is 5.50%, and the risk-free rate is 4.00%, What is the company's current stock price? Do not round intermed ate calculations. 3. $54.21 D. $47.66 i. $49.53 1. 551.40 b. $46.73