7 of 30 Mares Alexion Airlines is expected to pay dividend of $2.932 in the coming year. Dividends are expected to decline at the rate of 1.5% per year. The risk free rate of retum is 6%, and the market risk premium is 8.4%. The stock of Alexion Airlines Company has a beta of -0.15. At which price should the stock be trading at today? (Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The price of the stock is $