A stock will pay a dividend of $1.50 end of next year. The required rate of return is 9.0%, and the constant growth rate is 5.0%. What is the current stock price? $37.50 $30.00 $32.14 $31.20 $34.32

A stock will pay a dividend of $1.50 end of next year. The required rate of return is 9.0%, and the constant growiti rate is 5.0%. What is the current stock price? $37.50 $3000 $32.14 $31.20 $34.32