Kramerica Industries paid $3.00 per share in dividends yesterday. Its dividends are expected to grow steadily at 4% per year. If the required return is 8.4%, what is the current price (PO)? $70.10 $69.24 $68.52 $70.91

Kramerica Industries paid $3.00 per share in dividends yesterday. Its dividends are expected to grow steadily at 4% per year. If the required return is 8.4%, what is the current price (P0) ? $70.10 $69.24 $68.52 $70.91