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Estimates of a firm's returns revealed that beta of the firm was 0.8, and the historical average market return over the past 5 years has

Estimates of a firm's returns revealed that \beta of the firm was 0.8, and the historical average market return over the past 5 years has been 10.8%, and the current risk-free rate is 3.45%. The firm just recently released a dividend for $3.13 per share, given an expected dividend growth rate of 4.40%, what is the price per share of the stock, using the CAPM?

a. $33.55

b. $-63.49

c. $66.28

d. $71.14

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