A share of stock has a dividend that is expected to grow at a constant perpetual rate.

During the next year $(t=0$ to $t=1),$ the dividend yield is expected to be $8\mathrm{.}66\%.$

The capital gains yield for the next year is expected to be $-4\mathrm{.}45\%.$

Dividends are paid at year's end.

If the dividend to be paid at the end of the year $($at $t=1)$ is expected to be $$5\mathrm{.}87,$ what is a fair price for the stock today