A public utility just paid a quarterly dividend of $$0\mathrm{.}35$ per share and the dividends are not expected to grow. If the stock$$s required return is $12$ percent, what must is the stock$$s price?

Select answer from the options below

$$10\mathrm{.}20$

$$2\mathrm{.}92$

$$1\mathrm{.}68$

$$11\mathrm{.}67$