A common share just paid a dividend of $D_0=$$$2\mathrm{.}00.$ The required rate of return is $r_s=9\mathrm{.}0\%,$ and the constant growth rate is $g$

$=6\mathrm{.}0\%.$ What is the current share price?

Hint:

$P_0=D_1(r_s-g)$

$D_1=D_0(1+g)$

a$.66\mathrm{.}67$

b$.77\mathrm{.}75$

c$.70\mathrm{.}67$

d$.22\mathrm{.}22$