Use the Gordon Model to estimate the expected price, $E(P_0),$ of the following stock:

Quarterly dividend per share $5$ years ago: $$1$

Quarterly dividend per share just paid: $$1\mathrm{.}3382$

Current $10-$year Treasury bond yield: $3\%$

Estimated current market risk premium: $8\%$

Beta of the stock: $1\mathrm{.}5$

Select one:

a$.$ $$61\mathrm{.}32$

b$.$ $$65\mathrm{.}67$

c$.$ $$63\mathrm{.}04$

d$.$ $$59\mathrm{.}09$