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The Francis Company is expected to pay a dividend of D1=$2.8S per share at the end of the year, and that dividend is expected to

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The Francis Company is expected to pay a dividend of D1=$2.8S per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.oo\% per year in the future. The company's beta is 1.50, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the company's current stock price? Do not round intermediate calculations. a. $5429 b. 511400 c. 557.54 d. $47.50 . $2533

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