Q8

0 Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.4 per share (Do - $1.4). It is estimated that the company's dividend will grow it rate of per year for the then at a constant rate of 8% thereafter. The company's stock has a bea of 1.5, the risk-free rates 9.5, and the market premium is 45 What is yram the stock's current price? Do not round intermediate calculations. Round your answer to the nearest $