Answer:
$26.94
Explanation:
We know,
Current stock price = P0 = 
Given,
expected dividend = $3.30
Growth rate, g = 2.75% = 0.0275
Required rate of return, ks = 0.15
Putting the values into the formula, we can get
Current stock price, P0 = 
Or, Current stock price, P0 = 
Therefore, Current stock price, P0 = $26.94