Estimates of a firms returns revealed that \beta of the firm was 1.1, and the historical average market return over the past 5 years has been 10.7%, and the current risk-free rate is 3.75%. What is the expected return of this stock based on the Capital Asset Pricing Model (CAPM). The firm just recently released a dividend for $1.00 per share, given an expected dividend growth rate of 3.70%, what is the price per share of the stock?

		a. $27.03
		b. $13.00
		c. $8.78
		d. $13.48