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Hoth Co has a current book value per share of $3020 and a stock price of $35.90. Next year's eamings are expected to be $560

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Hoth Co has a current book value per share of $3020 and a stock price of $35.90. Next year's eamings are expected to be $560 per share and the expected eamings growth rate is 2.5 percent. What is the discount rate on this stock? A. 14 porcent B. 16 percem C. 17 percent D. 18 percent E. 15 petcent

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