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Currently, Aerosmith Inc, pays no dividends. However, analysts forecast that in 3 years Aerosmith Inc. will pay its first annual dividend of $1.3 and dividends

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Currently, Aerosmith Inc, pays no dividends. However, analysts forecast that in 3 years Aerosmith Inc. will pay its first annual dividend of $1.3 and dividends will grow at 3.6% per year thereafter. If stocks with similar risk to the equity of Aerosmith Inc currently earn 9.3%, estimate the current share price of Aerosmith Inc Enter your answer below rounded to 2 DECIMAL PLACES. Number

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