MECCS Inc. stock paid its annual dividends of $5.82 per share yesterday. The dividend is expected to decrease at a constant rate of 3.40 percent per year indefinitely. Investors require a rate of return of 9.30 percent on the stock. How much should one share of the stock be priced today?

Group of answer choices

$49.25

$44.27

$51.19

$58.32

$39.50