A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 11% rate of return, what is the price of the stock?(Points: 5)$47.50 $49.00 $50.50 $52.00 $53.50Question:A share of common stock has just paid a dividend of $2.00. If the expected long-run growth ratefor this stock is 7%, and if investors require a(n) 11% rate of return, what is the price of…