Financial analysts forecast Limited Brands $($LTD$)$ growth rate for the future to be $9\mathrm{.}5$ percent. LTD$\text{'}$s recent dividend was $$0\mathrm{.}45.$

What is the value of Limited Brands stock when the required return is $11\mathrm{.}5$ percent? $($Round your answer to $2$ decimal places.$)$

Value of stock