WG Inc. just paid a dividend of $6.70 per share. The dividend is expected to grow at a constant rate forever. The company has a dividend policy of paying out 45% of its earnings every year. The ROE (return on equity) of reinvestments is 13.20%. The required rate of return is 10.90%. What is the current stock price?

a.

$236.91

b.

$184.07

c.

$197.43

d.

$153.39

e.

$102.26