Question $10($Mandatory$)(1$ point$)$

The current dividend on stock ABC is $$3\mathrm{.}70$ per share $($i$.$e$.D_0),$ and the dividend is expected to grow at $6\mathrm{.}00$ percent per year. The prevailing riskfree rate is $5\mathrm{.}00\%$ and the return on the market is $9\mathrm{.}00\%.$ If the beta of the firm is $1\mathrm{.}3,$ what is its current stock price?

A$)$ $$93\mathrm{.}38$

B$)$ $$40\mathrm{.}00$

C$)$ $$60\mathrm{.}57$

D$)$ $$72\mathrm{.}14$

E$)$ $$57\mathrm{.}14$