Your firm has a Return on Equity of 8% and a Beta of 1.35.Th…

Your firm has a Return on Equity of 8% and a Beta of 1.35.The firm has earnings of $3 per share and intends to continue it traditional 2/3rds plow-back ratio.The annual dividend was just paid and the consensus estimate for the market is 14% for the next year.U.S. Treasury Bills currently return an annual rate of 6% Calculate the current Price of the Stock Note that you MUST show your work as well as your solution for the current price of the stock