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A company has y at paid a dividend of S 3 per share, Do S 3 It is estimated that the companys dvidend will grow

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A company has y at paid a dividend of S 3 per share, Do S 3 It is estimated that the companys dvidend will grow at a rate of 15 % percent per year for the next 2 years, then the dividend will grow at a constant rate of 5 % thereafter The company's stock has a beta equal to 1.4, the risk-free rate is 4.5 percent, and the market risk premiun is 4 percent. What in your estimate of the stock's current price? Round your anrwer to two decimal places. Your

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