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A company currently pays a dividend of $3.15 per share (D0 = $3.15). It is estimated that the company's dividend will grow at a rate
A company currently pays a dividend of $3.15 per share (D0 = $3.15). It is estimated that the company's dividend will grow at a rate of 23.5% per year for the next 2 years, then at a constant rate of 7.50% thereafter. The company's stock has a beta of 1.55, the risk-free rate is 5.00%, and the market risk premium is 8.50%. What is the stock's current price?
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