Instructions	Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc), and percentages as percentages to 2 decimal places (9.25 not .0925). Do not include labels such as $, %, or words. For multiple-choice questions, choose the best answer.

Imperial Distributors anticipates they will pay $1.90 in dividends next year. The appropriate discount rate is 10.15% and they expect dividends will grow at 4.65% for the foreseeable future. Imperial's stock price is: