Dyer Furniture is expected to pay a dividend of $D_1=$$$1\mathrm{.}25$ per share at the end of the year, and that dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ per

year in the future. The company's beta is $1\mathrm{.}35,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}00\%.$ What is Dyer's current stock price?

Select the correct answer.

a$.$ $$25\mathrm{.}44$

b$.$ $$24\mathrm{.}24$

c$.$ $$23\mathrm{.}04$

d$.$ $$24\mathrm{.}84$

e$.$ $$23\mathrm{.}64$