37.

Schnusenberg Corporation just paid a dividend of D₀ = $2.15 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.05, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations.

a. $50.00

b. $53.25

c. $35.23

d. $21.20

e. $57.24