Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of this year (i.e., D₁ = $1.50). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r_s, is 15%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

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A company currently pays a dividend of $4 per share (D₀ = $4). It is estimated that the company's dividend will grow at a rate of 23% per year for the next 2 years, and then at a constant rate of 6% thereafter. The company's stock has a beta of 1.6, the risk-free rate is 6.5%, and the market risk premium is 3%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.

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