$3$

$1$ point

ABC Furniture is expected to pay a dividend of $D1=$$$1\mathrm{.}20$ per share at the end of the year, and that dividend is expected to grow at a constant rate of $4\mathrm{.}00\%$ per year in the future. The company's beta is $1\mathrm{.}5,$ the market risk premium is $6\mathrm{.}00\%,$ and the risk$-$free rate is $3\mathrm{.}00\%.$ What is ABC $\text{'}$s current stock price?

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