Problem:
Company A just paid a dividend 0f $0.75 per share, and that dividend is expected to grow at a constant rate of 5.5% per year in the future. the company's beta is 1.15, the market risk premium is 5.00% and the risk-free rate is 4.00%.
Required:
Question: What is the company's current stock price, P0?
Note: Explain all steps comprehensively.