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problem: Stewart Industries expects to pay a $3/share dividend at the end of the year (D1 $3.00), which is expected to grow at a rate of 25 percent a year until t 3, and then at a constant rate of 5 percent, thereafter (D3 $4.6875 and D4 $4.921875). The stock's beta is 1.2, the risk-free rate of interest is 6 percent, and the expected rate of return on the market portfolio is 11 percent. find out the company's current stock price?

[A] $37.29

[B] $53.69

[C] $59.05

[D] $29.89

[E] $30.64

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