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Schnusenberg Corporation just paid a dividend of D 0 = $ 0 . 7 5 per share, and that dividend is expected to grow at

Schnusenberg Corporation just paid a 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? Do not round intermediate calculations.
a. $28.76
b. $31.95
c. $27.80
d. $31.63
e. $33.23

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