What is the required return from Truman Planned Community stock if its

What is the required return from Truman Planned Community stock if its beta is 1.1, the return on the market portfolio is 12%, the risk free rate is 3%, next year’s dividend will be $1.25 per share and dividends are expected to grow 5% per year?

A) $17.86 per share
B) $62.50 per share
C) $53.00 per share
D) 5.2%
E) 12.9%

ANSWER

E