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Z 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

Z 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 1.2, 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. $21.89 b. $13.22 c. $18.81 d. $26.19 e. $10.98

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