eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.8 per share (D - $1.8). It is estimated that the company's dividend will grow se a rate of 17% per year for the next 2 years, and then at a constant rate of 8% thereafter. The company's stock has a beta of 1.8, the risk-free rate is 6.5%, and the market risk premium 1.5% What is your estimate of the stock's current price? Do not round Intermediate calculations, Round your answer to the nearest cont. $ 33.28 Feedback