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A stock has a beta of 2, and the expected market return this year is 16.49%, and the current risk-free rate is 2.13%. The firm
A stock has a \beta of 2, and the expected market return this year is 16.49%, and the current risk-free rate is 2.13%. The firm just recently released a dividend for $3.00 per share, and it expects that dividends will continue to grow at the sustainable growth rate for the future. Given that firm equity was $211,500.00 last year, and that the firm had Net Income of $72,918.25 and dividends were $50,313.59. What is the price per share of the stock? (tolerance is 0.1, round to 2 decimals, do not enter $ symbol)
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