$1.$ Chapter MC$,$ Section $\mathrm{.}09,$ Problem $049.$Algo

A stock just paid a dividend of D$0=$ $$1\mathrm{.}75.$ The required rate of return is rs $=11\mathrm{.}0\%,$ and the constant growth rate is g $=4\mathrm{.}0\%.$ What is the current stock price?

a$.$ $$27\mathrm{.}75$

b$.$ $$12\mathrm{.}13$

c$.$ $$16\mathrm{.}55$

d$.$ $$25\mathrm{.}00$

e$.$ $$26\mathrm{.}00$