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Please show work thanks 1. OTCY Inc. just paid a dividend of $3 per share (DO=#3). The company's dividend is expected to grow at a

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1. OTCY Inc. just paid a dividend of $3 per share (DO=#3). The company's dividend is expected to grow at a rate of 10% per year for the next 2 years and then a constant rate of 5% thereafter. The company's stock has a beta of 1.45 and the risk-free rate is 6.5%, and the market risk premium is 4%. What is the expected current price for the CTCY' stock? ( 6 points)

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