Question $7(2$ points$)$

Schnusenberg Corporation just paid a dividend of $D_0=$$$0\mathrm{.}75$ per share, and that dividend is expected io grow ai a constant rate of $6\mathrm{.}50\%$ per year in the future. The required return on the security is $9\%.$ What is the company's current stock price?

$$31\mathrm{.}63$

$$31\mathrm{.}95$

$$28\mathrm{.}76$

$$27\mathrm{.}80$

$$33\mathrm{.}23$