GHL, Inc., has a dividend payout ratio of 50%. Its cost of equity is 10.9% and its dividend growth rate is 5%. If its forward EPS is $6.21, what is your estimate of its stock price? The price per share is $ (Round to the nearest cent.) GHL, Inc., has a dividend payout ratio of 50%. Its cost of equity is 10.9% and its dividend growth rate is 5%. If its forward EPS is $6.21, what is your estimate of its stock price? The price per share is $ (Round to the nearest cent.)