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Problem 3 (4 points) Berlusconi Corporation (BC) recently paid a $1 26 dividend per share. The dividend of BC is expected to grow by 19.75

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Problem 3 (4 points) Berlusconi Corporation (BC) recently paid a $1 26 dividend per share. The dividend of BC is expected to grow by 19.75 percent next year, 16 percent the following year, and 11.75 percent the year after before growing at a constant rate of 5 25 percent growth that continues forever. BC's beta is 121, the risk-free rate of interest is 2.30 percent and the market portfolio generatos a 12 25 percent rate of return. What is the stock price of BC today

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