1. You are charged with the valuation of DMH Enterprises given the following information: DMH is expected to pay $1.50 at year-end, and dividend growth is expected to be 20% over the next three years, after which growth will taper to a constant rate of 8%. If DMH's beta is 1.25, the yield on Treasury bonds is 1% and the expected return on the market is 13%, what should be the stock's current price