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XYZ stock will pay a $3.00 dividend at the end of the year (D1 = $3.00), and future dividends will grow indefinitely at 4.3% per

XYZ stock will pay a $3.00 dividend at the end of the year (D1 = $3.00), and future dividends will grow indefinitely at 4.3% per year. If the required rate of return is 10%, what is the current stock price?

Group of answer choices

$63.63

$52.01

$64.02

None of these

$52.63

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