11. Corliss Services, Inc., provides maintenance services to commercial buildings.

Presently, the beta on its stock is 1.08. The risk-free rate is now 10 percent; the expected return for the market portfolio is 15 percent. Corliss is expected to pay a $2 per share dividend at the end of the year and to grow in nominal terms at a rate of 11 percent per mum for many years to come. Based on the CAPM and other assumptions you might make, what is the market price per share of the stock?