Moreno Corporation common stock pays a constant annual dividend of $$4\mathrm{.}50$ per share. What is the value of this stock at a discount rate of $14\mathrm{.}2$ percent?

Moreno Corporation common stock pays a constant annual dividend of $$4\mathrm{.}50$ per share. What is the value of this stock at a discount rate of $14\mathrm{.}2$ percent?

$$45\mathrm{.}00$

$$36\mathrm{.}19$

$$61\mathrm{.}67$

$$54\mathrm{.}00$

$$31\mathrm{.}69$