Assignment $-$ Week $7$ i $$

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$7$

Chamberlain Corporation is expected to pay the following dividends over the next four years: $$13\mathrm{.}50,$$$9\mathrm{.}50,$$$8\mathrm{.}50,$ and $$4\mathrm{.}00.$ Afterward, the company pledges to maintain a constant $5\%$ growth rate in dividends forever. If the required return on the stock is $12\%,$ what is the current share price? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Current share price $ $$

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