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Gerry ActoRX is a company that trains older people how to act (to them Acting is the best medicine). Earlier this year, Gerry ActoRX paid
Gerry ActoRX is a company that trains older people how to act (to them Acting is the best medicine). Earlier this year, Gerry ActoRX paid a dividend of $0.95. Analysts expect the company's dividend to grow by 25% this year, 15% next year (year 2), 10\% the following year (year 3), and then 5% in each subsequent year. If the required return to the stock is 11.89%, what is your best estimate of the current market value of Gerry ActoRX's stock (please enter the value to the penny)
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