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Boehm Incorporated currently pays a dividend of $2 per share (D0 = $2). It is estimated that the companys dividend will grow at a rate

Boehm Incorporated currently pays a dividend of $2 per share (D0 = $2). It is estimated that the companys dividend will grow at a rate of 20% per year for the next 2 years and then at a constant rate of 7% thereafter. The companys stock has a beta of 1.2, the risk-free rate is 7.5%, and the market risk premium is 4%. Calculate the estimated current price of the stock

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