(Answered) Ginger baker inc just paid an annual dividend of 3 a share

Finance

Ginger Baker, Inc. just paid an annual dividend of $3 a share and this dividend is expected to grow at a rate of 4% per year for the foreseeable future. If the discount rate for Ginger Baker is 9%, what is the current price of the stock?

$37.33
$38.16
$38.83
$52.40
$62.40

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