Question: Human's Inc. ' s last dividend ( D 0 ) was $ 1 . 1 2 , and its earnings and dividends are expected to

Human's Inc.'s last dividend (D0) was $1.12, and its earnings and dividends are expected to increase at a constant growth rate of 12%. Humana's market beta is 1.16. If the current risk-free rate is 5% and the required rate of return on the market portfolio is 12%, what is the company's current expected stock price? Hint - round up to the nearest whole dollar.
Choice: $95
Choice: $100
Choice: $112
Choice: $118
 Human's Inc.'s last dividend (D0) was $1.12, and its earnings and

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