Question: The correct answer should be C. But I do not know how to get C 39) Duffs Beer common stock has a beta of 0.7

The correct answer should be C. But I do not know howThe correct answer should be C. But I do not know how to get C

39) Duffs Beer common stock has a beta of 0.7 and an expected dividend of $3.50. The US Treasury bil rate is 2% and the market risk premium is 9%. What is the value of this stock if a constant annual growth rate of 5% is expected in dividends and earnings? Rs 2 % +9%*0.7-8.3% A. B. C. D. E. $111.36 S176.10 $106.06 $184.21 $193.42

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