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PS29- #1 The risk-free rate is 3.46% and the market risk premium is 7.34%. A stock with a of 1.54 just paid a dividend of

PS29- #1
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The risk-free rate is 3.46% and the market risk premium is 7.34%. A stock with a of 1.54 just paid a dividend of $1.98. The dividend is expected to grow at 20.20% for three years and then grow at 4.61% forever. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places

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