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Use the following information for the next two questions. Randy and Dale are trying to price a share of Global's common stock. Global has just

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Use the following information for the next two questions. Randy and Dale are trying to price a share of Global's common stock. Global has just paid out a semi-annual dividend of \$1.79. Currently, they don't own a share, so they didn't get this dividend. They expect Global's dividend to increase by 4% every 6 months. Moreover, analysts expect Global's common stock to be traded at $21.80 seven years away from today. Their discount rate is 20% APR. 8a) Randy believes that the stock should be valued via the finite period model. What is the price of the stock? ( 15 points)

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