Upper Gullies Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 18 percent for the next eight years and then level off to a 5 percent growth rate indefinitely. If the required return is 11 percent, what is the price of the stock today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price 3.521 References eBook & Resources