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The risk-free rate is 3.25% and the market risk premium is 7.71%. A stock with a B of 1.01 just paid a dividend of $2.05.

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The risk-free rate is 3.25% and the market risk premium is 7.71%. A stock with a B of 1.01 just paid a dividend of $2.05. The dividend is expected to grow at 24.04% for three years and then grow at 4.25% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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