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Laurdi Enterpises ewects namings ned year of $4.18 per share and has a 40% fotention rate. which it plans to keep constant. lts equity cost

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Laurdi Enterpises ewects namings ned year of $4.18 per share and has a 40% fotention rate. which it plans to keep constant. lts equity cost of capital is 11%, which is also its expected return on new investment. its eamings ars eupected to grow borever at a rath of 4.4% per year If its nent dividend in due in one yeac, what 60 you estimale the frmit cuerent gtodk prich to be? The curtont alock price will be: (Round to the neacest cant)

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