Nakatomi Trading Corp. just paid an annual dividend of $$1\mathrm{.}40.$ If you expect a constant growth rate of $2\mathrm{.}0\%$ and have a required rate of return of $6\mathrm{.}9\%,$ what is the current stock price according to the constant growth dividend model?

$$41\mathrm{.}97$

$$50\mathrm{.}36$

$$29\mathrm{.}14$

$$60\mathrm{.}43$

$$34\mathrm{.}97$