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Currently. Aerosmith inc. pays no dividends. However, analysts torecast that in 4 years Aerosmith inc, will pay its first annual dividend of $2.9 and dividends

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Currently. Aerosmith inc. pays no dividends. However, analysts torecast that in 4 years Aerosmith inc, will pay its first annual dividend of $2.9 and dividends will grow at 3.3% per year thereaflet. If slocks with similar risk to the equity of Aerosmith inc. currently earn 13.3%, estimate the curtent share price of Aerosmith inc. Enter your answer below rounded to 2 DECIMAL PLACES

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