Check My Work (10 remaining) eBook Gandha's Pharmaceutical Corporation's beta is 1.5. The current risk-free rate is 4 percent and the market risk premium is 6 percent. Gandha currently (time 0) pays a dividend of $3 per share. This dividend is expected to grow at a rate of 10 percent for the next 3 years. The current stock price is $38, and the consensus of security analysts is that this price will increase by 30 percent by the end of year 2. Under these circumstances, would you purchase this stock? What do you believe is a fair market price for the stock? Use Table II to answer the question. Round your answer to the nearest cent. Fair Market Price: $ The stock -Select- bought. Check My Work (10 remaining)