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Investors holding the stock of Chipotle Mexican Grill Inc. (ticker symbol CMG) require a 10.1% return. As a result of the Covid-19 pandemic, Chipotle will

Investors holding the stock of Chipotle Mexican Grill Inc. (ticker symbol CMG) require a 10.1% return. As a result of the Covid-19 pandemic, Chipotle will pay dividends of $2.55 and $2.22 over the next two years, respectively. After that, Chipotle will grow its annual dividends by 2.7% percent. How much will you pay for one share of Chipotle today?

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