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Maxwell Communications paid a dividend of $1.20 last year. Over the next 12 months, the dividend is expected to grow at 13 percent which is

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Maxwell Communications paid a dividend of $1.20 last year. Over the next 12 months, the dividend is expected to grow at 13 percent which is the constant growth rate for the firm (g). The new dividend after 12 months will represent D. The required rate of return(xis 17 percent. Compute the price of the stock (Po). (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Stock price

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