Larkspur Tire's current dividend is $$4\mathrm{.}40.$ Dividends are expected to grow by $25$ percent for years $1$ to $3$ and $10$ percent thereafter. The required rate of return on the stock is $13$ percent. What is Larkspur's current stock price? $($Round intermediate calculations to $4$ decimal places, e$.$g$.7\mathrm{.}1285$ and final answer to $2$ decimal places, e$.$g$.115\mathrm{.}61.)$ Your answer is incorrect.

Larkspur Tire's current dividend is $$4\mathrm{.}40.$ Dividends are expected to grow by $25$ percent for years $1$ to $3$ and $10$ percent thereafter. The

required rate of return on the stock is $13$ percent. What is Larkspur's current stock price? $($Round intermediate calculations to $4$

decimal places, e$.$g$.7\mathrm{.}1285$ and final answer to $2$ decimal places, e$.$g$.115\mathrm{.}61.)$

Stock price

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