What is the company current stock price

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Reference no: EM13932605

The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.15, the market risk premium is 5.50%, and the risk-free rate is 4.00%. What is the company's current stock price?

a. $29.62

b. $30.36

c. $31.90

d. $31.12

e. $28.90

Reference no: EM13932605

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