CCV Corporation has just paid a dividend of $4 per share, its growth rate is estimated to be 6% per year, and its stock beta is 1.4. The current 10-year Treasury bond yield is 2.5% and the market risk premium is estimated to be 8%. What is the expected price of the stock?

Select one:

a. $55.06

b. $58.54

c. $57.43

d. $56.98