Jasper company just paid a dividend of $$2\mathrm{.}20.$ Company; s growth rate is expected to be $10$ percent for one year, after which dividends are expected to grow at a rate of $6$ percent forever. The company's stockholders require a rate of return of $11$ percent. What is the current price of the stock?

$$48\mathrm{.}40$

$$50\mathrm{.}40$

$$46\mathrm{.}64$

$$44\mathrm{.}00$

$$48\mathrm{.}64$