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The beta of a companys stock is 1.5. Its share price and dividend next year are expected to be $110 and $5, respectively. Suppose that

The beta of a companys stock is 1.5. Its share price and dividend next year are expected to be $110 and $5, respectively. Suppose that the risk-free rate is 3% and the market risk premium is 7%. What is the current price of the companys stock?

A. $96.92 B. $101.32 C. $105.50 D. $111.65 E. $120.97

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