BioScience Incorporated will pay a common stock dividend of $6.40 at the end of the year (D). The required return on common stock (K) is 14 percent. The firm has a constant growth rate (g) of 5 percent. Compute the current price of the stock (Po). Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Current price

BioScience Incorporated will pay a common stock dividend of $6.40 at the end of the year (D1). The required return on common stock (Kf) is 14 percent. The firm has a constant growth rate (g) of 5 percent. Compute the current price of the stock (P0). Note: Do not round intermediate calculations. Round your answer to 2 decimal places