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Dunder-Mifflin has a beta of 1.3 and just paid a dividend of $1.35 that is expected to grow at 6%. If the risk-free rate is

Dunder-Mifflin has a beta of 1.3 and just paid a dividend of $1.35 that is expected to grow at 6%. If the risk-free rate is 2% and the expected market return is 9%, what should be the current price of the stock?

  • A. $28.06

  • B. $54.00

  • C. $57.24

  • D. $26.47

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