(Answered) The corrigan company just paid a dividend of 1 per share

Finance

The Corrigan Company just paid a dividend of $1 per share, andthat dividend is expected to grow at a constant rate of 5% per yearin the future. The company's beta is 1.1, the market risk premiumis 5.5%, and the risk-free rate is 3.5%. What is the company's current stock price? [Hint: find required rate of return first andthen stock price.]

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