Texas Technology stock is expected to be priced at $41.50 in 1 year. It is expected to pay its next dividend, which is expected to be $1.80, in 1 year. The stock has a beta of 1.80. The market has an expected return of 11.90% and the risk-free rate is 1.70%. What is the current price of Texas Technology stock?

		$34.57 (plus or minus $0.10)
		$37.09 (plus or minus $0.10)
		$38.70 (plus or minus $0.10)
		$36.07 (plus or minus $0.10)
		None of the above is within $0.10 of the correct answer