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Dunder-Mifflin has a beta of 2.8 and just paid a dividend of $0.50 that is expected to grow at 7% per year for the foreseeable

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Dunder-Mifflin has a beta of 2.8 and just paid a dividend of $0.50 that is expected to grow at 7% per year for the foreseeable future. If the risk-free rate is 3% and the market risk premium is 6%, what should be the current price of their stock? $4.18 $12.16 $11.28 $10.14

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