Icon Inc. expects to pay a dividend of $1.75 per share next year and these dividends are expected to increase at a constant rate of 4.0% per year in perpetuity. If shares of Icon are correctly priced according to the constant-growth dividend discount model and the required return is 14.5%, what should the current stock price be? O $11.15 $9.46 O $16.67 O $12.07

Icon Inc. expects to pay a dividend of $1.75 per share next year and these dividends are expected to increase at a constant rate of 4.0% per year in perpetuity. If shares of Icon are correctly priced according to the constant-growth dividend discount model and the required return is 14.5%, what should the current stock price be? $11.15 $9.46 $16.67 $12.07