GHL, Inc., has a dividend payout ratio of 55%. Its cost of equity is 11.2% and its dividend growth rate is 5.4%. If its forward EPS is $5.96, what is your estimate of its stock price? What are the dividends per share for next year? $. (Round to the nearest cent.) The price per share is $. (Round to the nearest cent.) You have just purchased a share of stock for $19.58. The company is expected to pay a dividend of $0.53 per share in exactly one year. If you want to earn a 9.6% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend? The price one year from now should be $. (Round to the nearest cent.)