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(1) You skipped this question in the previous attempt. Universal Laser Inc. just paid a dividend of $3.35 on its stock. The growth rate in
(1) You skipped this question in the previous attempt. Universal Laser Inc. just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent pe year, indefinitely. Investors require a 16 percent return on the stock for the first three years, a 14 percent return for the next three year: and then an 12 percent return thereafter. What is the current share price for the stock? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit \$ sign in your response.) Current share price $
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