A stock just paid a dividend of $2.81. The dividend is expected to grow at 24.54% for two years and then grow at 3.77% thereafter. The required return on the stock is 11.47%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places

#2

The risk-free rate is 1.86% and the market risk premium is 4.25%. A stock with a of 1.29 will have an expected return of ____%.