3. Assume a company has just paid a dividend of $6.25 per share (DIVo= $6.25). The company has a history of growing its annual dividend at a rate of 7% (so g=0.07). Under these assumptions and the fact that investors require a 15% return on this company's common stock (that is, r=0.15), what is the current market price of the firm's common stock (find Po)