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Sky High Co. just paid a dividend of $4.8 per share on its stock (D0). The dividends are expected to grow at a constant rate
Sky High Co. just paid a dividend of $4.8 per share on its stock (D0). The dividends are expected to grow at a constant rate of 2 percent per year indefinitely. If investors require an 15.4 percent return on Sky High Co. stock, the stock price in 3 years should be $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.
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