You are evaluating a stock that just paid a dividend of Do = $1.60. The required rate of return is rs = 13.5%, and the constant growth rate is g = 5.0%. Determine the current stock price using the constant growth model. O $24.38 O $28.66 $22.70 O $19.76

You are evaluating a stock that just paid a dividend of D0=$1.60. The required rate of return is rs =13.5%, and the constant growth rate is g=5.0%. Determine the current stock price using the constant growth model. $24.38 $28.66 $22.70 $19.76