A firm just paid a dividend of $4.75 per share on its stock. The dividends are expected to grow at a constant rate of 5.80% per year, forever. If investors require a rate of return of 17.30%, compute the stocks fair price in 7 years. Round to the nearest $0.01.

13. (1 point) A firm just paid a dividend of $4.75 per share on its stock. The dividends are expected to grow at a constant rate of 5.80% per year, forever. If investors require a rate of return of 17.30%, compute the stock's fair price in 7 years. Round to the nearest $$0.01