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Hour Spy, Inc. just paid a dividend of $11.10 per share (i.e., Do = 11.10). The company's dividend payment is expected to grow at a

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Hour Spy, Inc. just paid a dividend of $11.10 per share (i.e., Do = 11.10). The company's dividend payment is expected to grow at a rate of 3.25% per year from year 1 to infinity. If the stock of Hour Spy, Inc. has an expected rate of return of 18.5%, what is the equilibrium price of the company's stock? 1) $75.15 2) $81.92 13) $70.88 4) $79.37 5) $68.38

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