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Church Ine, is presently enjoying relatively high growth because of a surge in the demand for its new pruchuct. Managnment expects earning and divilenda te

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Church Ine, is presently enjoying relatively high growth because of a surge in the demand for its new pruchuct. Managnment expects earning and divilenda te grow at a rate of 20% for the next 4 years, after which competition will probably reduce the growth rate in earninga and dividende to zero, i. company's last dividend, Do, was $1.90, its beta is 1.30, the market risk premium is 5.50%, and the riak-free rate in 3.20k. What is the cament price of the common stock? Th to round intermedinte calculations. a. 535.08 b. 536.98 c. $36.06 d. 533,93 e. $38.72

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