per Gordon growth model: Price = D1 / (r - g), where D1 = D0 * (1 + g)

530 = [15(1 + x)] / (0.045 - x)

x = 0.0162385, or about 1.62%

check math:

P = 15(1.0162385) / (0.045 - 0.0162385)

= 15.24357750 / 0.02876150

= 529.9993915

Answer is (e): None of the above.

You haven`t mentioned historic EPS , dividend cover or forecast EPS.