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Renata Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. management expects earnings and dividends to

Renata 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 22% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, g=0. the companies last dividend , Do, was $1.25, its beta 1.20 the market risk premium is 5.50% and the risk free rate is 3%. what is the current price of the common stock?

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