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Erna Company is expected to pay a dividend of $2.39 one year from today and $2.54 two years from today. The companys saves in two

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Erna Company is expected to pay a dividend of $2.39 one year from today and $2.54 two years from today. The companys saves in two years are expected to be $15,400,000. The company has a PS ratio of 1.57 times, and 521,000 shares outstanding. If the required return on the company's stock is 10.3 percent, what is the current stock price? Multiple Choice $38.14 $44,10 $42.40 $4.25 $5.44

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