Blossom Clothiers Ltd.s current dividend is $4.90. Dividends are expected to grow by 7 percent for years 1 to 3, 5 percent for years 4 to 7, and 1 percent thereafter. The required rate of return on the stock is 10 percent. What is the current stock price for Blossom? (Round intermediate calculations to 4 decimal places, e.g. 45.1771 and final answer to 2 decimal places, e.g. 45.17.)

Blossom Clothiers Ltd's current dividend is $4.90. Dividends are expected to grow by 7 percent for years 1 to 3,5 percent for years 4 to 7, and 1 percent thereafter. The required rate of return on the stock is 10 percent. What is the current stock price for Blossom? (Round intermediate calculations to 4 decimal places, e.g. 45.1771 and final answer to 2 decimal places, e.g. 45.17.) Stock price ta $