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6. Limberis Inc. just paid a dividend of $2.50; analysts estimate the dividend will grow by 2.5% per year. If Limberis Inc.'s beta is 1.7,

6. Limberis Inc. just paid a dividend of $2.50; analysts estimate the dividend will grow by 2.5% per year. If Limberis Inc.'s beta is 1.7, 10-year T-bond yield is 3%, and the market return is expected to be 10%. What is the maximum price you will pay for JJB stock? (4 pts.)

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