please use the formulas from the formula sheet

Investment Return: Geometric Retum / Cumulative Annual Growth Rate (CAGR): Portfolio Return: Portfolio Expectal Rate of Return E(rpans)=[W1E(r1)]+[W2E(r2)]+[W3E(r3)]++[WnE(rn)] Capital Asset Pricing Model (CAPM): E(rAstetj)=rf+Assetj[E(rMarket)rt] Bond Valuation / Pricing: \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Conosphial Fomular: } \\ \hline \begin{tabular}{l} Bond \\ Price \end{tabular} & \( \left(\begin{tabular}{c} ight. \) Present Value of the \\ Bond's Coupon interest \\ Payments \end{tabular}) & \( +\left(\begin{tabular}{c} ight. \) Present Value of the \\ Principal Amount (par Value) \\ of the Bond lasue \end{tabular}) \\ \hline \multicolumn{3}{|c|}{ Actual Formula: } \\ \hline pond Prise & & +(1+YTMTIntecest+(1+YTM)Principal \\ \hline \end{tabular} Fisher Effect for interest Rates: rnominal=rreal+rinflation Discounted Dividend Stock Valuation: Dividend growth rate: g=bROE Preferred Stock Valuation: Value of Annual Preferred Stock Dividend Preferred Stock = Market's Required Yield on Preferred Stock 23) A $1.25 dividend was just paid by Pikes Company. Investors' required rate of return for Bordeaux Company is 11.0%. Dividends are expected to grow at 2.5% per year. What do you estimate the share price of Pikes Company's stock to be? $14.71/ share $13.36/ share $15.07/ share $11.65/ share