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Problem 10-28 Common stock value [LO10-5] BioScience Inc. will pay a common stock dividend of $3.20 at the end of the year (01). The required

Problem 10-28 Common stock value [LO10-5] BioScience Inc. will pay a common stock dividend of $3.20 at the end of the year (01). The required return on common stock eis 20 percent The firm has a constant growth rate (g) of 10 percent Compute the current price of the stock (P) (Do not round intermediate calculations. Round your answer to 2 decimal places) Current price

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