Question Completion Status: QUESTION 10 Rocket Medical Devices Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product Management expects earnings and dividends to grow at a rate of 20% for the next 3 years, after which competition will probably reduce the growth rate in earnings and dividends to 15% for the next two years, and then to a long-term growth of 3% forever. The company's last dividend, DO, was $0.80, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 2.00%. What is the current fair market price of the common stock? Calculate! Arial 3 (12pt) Click Save and Submit to save and submit. Click Save All Ansure to see all answers Save All Answers O BI e E 99+ DOLL F F4 % & W# 4 5 5 7 8 E P R U T D F G H K