(DDM estimation of growth rate) CattyTreat, a partnership for providing cosmetic services for cats, has paid the following dividends to its shareholders in the past. It plans to continue to pay dividends in the future using the same historical growth rate. As a relatively risky venture, its stock has a beta coefficient of 3.0, a market risk premium of 7.5 % , and a risk-free rate of 3.0% . If the market is expected to perform in the way that it has and CattyTreat is expected to continue to employ the $1.50 same dividend policy in the future, what should its stock sell for today? Year Dividend $2.00 $2.00 -1 $2.00 -2 $1.55 -3 $1.00 -4 $1.75 -5 sturer plans to roll