Determine the value of a stock with the following variables using the constant growth model:

Current annual dividend: $1.30 per share

Required return rate: 7%

Constant growth rate: 5%

Determine the value of a stock with the following variables using the constant growth model: Current annual dividend: $1.30 per share Required return rate: 7% Constant growth rate: 5% O $65.00 O $63.75 O $68.25 O $69.55