Suppose a firm just paid $300 million dollars in total dividends. You expect future dividends to grow at a constant rate of 5% per year, forever. If the required return by shareholders is 15.5%, what is the price of the stock? (Assume that there are 115 million shares outstanding)

Possible answers

A. $24.75

B. $17.68

C. $32.75

D. $26.09

E. $49.78

F. $52.20

G. $54.80

H. $28.95