solve

Amerne Corp. has experiernced significant rates of growth in the past few years. This year however, the firm has seen its growth normalim and settle into a more constant rate. A share of the firm's cornmon stock just paid a drividend of s1.00. If the expected long run growth rate for this stock is 5.4%, and if imvestors' fequired rate of return is 13.7%, then what is the stock price? a. $14.73 b. $15.49 c $1270 d. $12.32 e. $15.75