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Sheridan Clothiers Ltd's current dividend is $3.90. Dividends are expected to grow by 9 percent for years 1 to 3,4 percent for years 4 to

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Sheridan Clothiers Ltd's current dividend is $3.90. Dividends are expected to grow by 9 percent for years 1 to 3,4 percent for years 4 to 7 and 3 percent thereafter. The required rate of return on the stock is 12 percent. What is the current stock price for Sheridan? (Round Intermediate calculations to 4 decimal places, eg. 45.1771 and final answer to 2 decimal places, s. 45.17) Stock price $

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