National Advertisingjust paida 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 0.75, 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. $31.21b. $32.69c. $31.58d. $31.95e. $32.32