Newburn Entertainment's stock has recently announced to pay a year-end dividend of $3.00 a share. (Do = $3.00, the dividend at time 0, Do, has already been paid.) The stock's dividend is expected to grow at a constant rate of 5 percent a year. The risk-free rate, rre, is 4 percent and the market risk premium, (rm - PRF), is 3 percent. The stock has a beta of 1.7. What is the stock's fair price as of today? $54.31 $68.21 $72.17 $76.83