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Company paid an annual dividend last year of $0.90. beginning this year the company is expected to grow at the constant annual rate of 6%.

Company paid an annual dividend last year of $0.90. beginning this year the company is expected to grow at the constant annual rate of 6%. Company is trading at PE of 11. Earnings pe share is $2.38, BETA of 1.36. Assume a risk-free rate of 4% and equity premium of 5%. What is the company's current stock price? What is your estimate of intrinsic value per share? would you buy, sell, or hold shares?

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