13) Last year, $3 in dividends were paid by Frozen Comm. The dividend is projected to increase by 8% in the following 12 months. The required rate of return is 14%. Calculate the stock price.

13) Last year, $3 in dividends were paid by Frozen Comm. The dividend is projected to increase by 8% in the following 12 months. The required rate of return is 14%. Calculate the stock price