Alexion Airlines is expected to pay dividend of $3.504 in the coming year. Dividends are expected to decline at the rate of 2.6% per year. the risk free rate of return is 6% and the market risk premium is 8.7%. the stock of Alexion Airlines Company has a beta of -0.15. At which price should the stock be trading at today?

note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.

the price of the stock is $___