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Ishiguro Transcontinental paid a dividend of $4.15 last year and the company anticipates this will grow at 3.70% for the foreseeable future. The appropriate discount

Ishiguro Transcontinental paid a dividend of $4.15 last year and the company anticipates this will grow at 3.70% for the foreseeable future. The appropriate discount rate (expect return) for the stock is 12.40%, Ishiguro's stock price is closest to:

A.

$34.71.

B.

$49.47.

C.

$47.70.

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