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1 pts The GreenFood's dividends are expected to grow at 15% per year until enf of year 2. At the start of year 3,
1 pts The GreenFood's dividends are expected to grow at 15% per year until enf of year 2. At the start of year 3, growth slows down to 5% and will last forever (perpetually). The GreenFood has just paid a dividend of $1.00 per share (annual dividend). Assume a market capitalization rate of 10%. What must be the current price of the GreenFood's stock? (Round your answer to the nearest cent.)
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