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28. Pane in the Glass Autobody Ltd. (PITGAL) just paid a quarterly dividend of $1.60 per share. PITGAL's dividends grow at a quarterly rate of

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28. Pane in the Glass Autobody Ltd. (PITGAL) just paid a quarterly dividend of $1.60 per share. PITGAL's dividends grow at a quarterly rate of 1.5%. The company has announced that following the quarterly dividend in one year's time, dividends will growat a quarterly rate of 2%. Given the risk associated with PITGAL's stock, the required quarterly expected effective return is 3.78%. What is the current price of one share of PITGAL stock? a. $78.88 b. $89.94 c. $90.80 d. $91.28 e. None of the above

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