What is the companys current stock price

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Reference no: EM131513631

The Spartan Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company’s beta is 1.15, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the company’s current stock price, P0?

A. $17.29

B. $18.62

C. $19.86

D. $20.67

E. $22.10

Reference no: EM131513631

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