53. You have been researching a company and have estimated that the firm's stock will sell

for $44 a share one year from now. You also estimate the stock will have a dividend yield of

2.18 percent.

How much are you willing to pay per share today to purchase this stock if you desire a total

return of 15 percent on your investment?

A.

$37.55

B.

$38.00

C.

$38.24

D.

$39.00

E.

$40.20

i dont understand the calculation. how to get $39.00