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Today, Alberta Bio Inc. (ABI) reported earnings-per-share (EPS0) of $10 and paid its annual dividend of $4/share (D0). ABI's payout policy of paying out 40%

Today, Alberta Bio Inc. (ABI) reported earnings-per-share (EPS0) of $10 and paid its annual dividend of $4/share (D0). ABI's payout policy of paying out 40% of its earnings in dividends is expected to be constant for the foreseeable future (i.e., forever). Under the current dividend policy, the annual growth rate of ABI's dividends is expected to be 6%. The required rate of return on ABI's stock is 7.2% (EAR). What is ABI's stock price today?

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