Current Stock price = Expected dividend / (Required rate of return - Growth rate) = $2.54 / (11% - 3.50%) = $2.54 / 7.50% = $33.87 Current Stock price is $33.87. Solution Current Stock price = Expected dividend / (Required rate of return - Growth rate) = $2.54 / (11% - 3.50%) = $2.54 / 7.50% = $33.87 Current Stock price is $33.87..