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Procter & Gamble Co. has a of 1.20, a forward dividend of $3.10 per share, and its dividends are expected to grow in perpetuity by

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Procter & Gamble Co. has a of 1.20, a forward dividend of $3.10 per share, and its dividends are expected to grow in perpetuity by 7.50% every year. Suppose the expected return on the S&P 500 is 10.70%, and the risk-free rate is 2.50%. What should be the stock price of Procter & Gamble Co. according to the dividend discount model (and CAPM)? $25.12 $41.33 O $15.63 $64,05

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