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National Advertising just paid a dividend of D 0 = $ 0 . 7 5 per share, and that dividend is expected to grow at

National Advertising just paid a dividend of D0=$0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The
company's beta is 0.85, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?
Select the correct answer.
a. $24.57
b. $25.77
c. $24.97
d. $26.17
e. $25.37
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