The I's Have It Company just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 4.75% per year in the future. The company's beta is 1.3, the market risk premium is 5.10%, and the risk-free rate is 2.25%. What is the company's current stock price, P ₀? Do not round intermediate calculations.

	a.	$53.94
	b.	$56.50
	c.	$15.74
	d.	$16.49
	e.	$10.98

Question 4 10 points Save Answer The I's Have It Company just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 4.75% per year in the future. The company's beta is 1.3, the market risk premium is 5.10%, and the risk-free rate is 2.25%. What is the company's current stock price, Po? Do not round intermediate calculations. O a. $53.94 O b. 556.50 O c. $15.74 O d. $16.49 O e. $10.98