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A company has just paid a dividend of 4 per share. Do-4 It is estimated that the company's dividend will grow at a rate of

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A company has just paid a dividend of 4 per share. Do-4 It is estimated that the company's dividend will grow at a rate of 18 % percent per year for the next 2 years, then the dividend will grow at a constant rate of 6% thereafter. The company's stock has a beta equal to 1.4 the risk-free rate is 45 percent, and the market risk premium is 4 percent. What is your estimate of the stock's current price? Round your anstver to two decimal places Your

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