Value a Constant Growth Stock Financial Analysts Forecast Target Corp

Multiple Choice

Value a Constant Growth Stock Financial analysts forecast Target Corp.(TGT) growth for the future to be 11 percent.Their recent dividend was $0.52.What is the value of their stock when the required rate of return is 11.89 percent?

A) $5.25
B) $6.48
C) $58.43
D) $64.85