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(FN C.1) Pastoral indusuries inc. paid common srock dividends of $1.50 per shure today and the dividends are expected to grow at a corstant rate

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(FN C.1) Pastoral indusuries inc. paid common srock dividends of $1.50 per shure today and the dividends are expected to grow at a corstant rate of 8\% per yeaw for the foreseeable future. If the itivestors required rate of retiarn is 12.5%, what is the value of this stock per share? $28.50$3050.$3175$3350$36.00

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