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kindly help pleas Holyrood Co . just paid a dividend of $ 1 . 3 0 per share. The company will increase its dividend by

kindly help pleas
Holyrood Co. just paid a dividend of $1.30 per share. The company will increase its dividend by 20% next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5% dividend growth, after which the company will keep a constant growth rate forever. If the required return on Holyrood stock is 11%, what will a share of stock sell for today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
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