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Suppose that the risk-free rate is Rf = 2.53% and the risk-premium is E(Rm) Rf = 7.10%. According to Gordons Growth Model, if a company

Suppose that the risk-free rate is Rf = 2.53% and the risk-premium is E(Rm) Rf = 7.10%. According to Gordons Growth Model, if a company has a current dividend of D0 = $22.33 per share, a constant growth rate of g = 5.24%, and = 1.21, what is its stock price?

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