A stock's next dividend is expected to be $3.86 per share and the dividends are expected to grow forever at a constant rate of 3.8% per year. The risk-free interest rate is 3.6% per year and the expected market return is 9.8% per year. If the stock's beta is 0.71, what is the stock's value per share? 1) $95.35 2) $91.90 3) $98.20 4) $97.34 5) $93.89

A stock's next dividend is expected to be $3.86 per share and the dividends are expected to grow forever at a constant rate of 3.8% per year. The risk-free interest rate is 3.6% per year and the expected market return is 9.8% per year. If the stock's beta is 0.71 , what is the stock's value per share? 1) $95.35 2) $91.90 3) $98.20 4) $97.34 5) $93.89