Simple Foods Inc.’s most recent dividend was $2.5 per share (D0). The dividend is expected to grow at a rate of 4 percent per year. The risk-free rate is 2% and the return on the market is 9%. If the company’s beta is 0.9, what is the price of the stock today?
$60.47
$63.03
$59.02
$58.17
$62.14