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#28 The risk-free rate is 2.87% and the market risk premium is 8.75%. A stock with a of 1.65 just paid a dividend of $2.60.

#28

The risk-free rate is 2.87% and the market risk premium is 8.75%. A stock with a of 1.65 just paid a dividend of $2.60. The dividend is expected to grow at 24.25% for five years and then grow at 4.53% forever. What is the value of the stock?

Answer format:Currency: Round to: 2 decimal places.

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