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You've collected the following information from your favorite financial website. (The number next to the stock name is DO) 52 Week Price DI PE Close

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You've collected the following information from your favorite financial website. (The number next to the stock name is DO) 52 Week Price DI PE Close Net H Lo Stock (DIV Yd% Price Cho 7740 10.43 Palm Coal 036 26 6 13.90 55.81 33.42 Lake Lead Gep 154 38 10 -0.01 13096 69.65 SIR 215 24 10 50.24 13.95 3.07 DR Dime 0.80 52 6 15.43 -0.26 35.00 2074 Candy Galore 032 15 28 77 0.18 Rii -024 89.00 According to your research the growth rate in dividends for SR for the next five years is expected to be 21 percent Suppose SIR meets this growth rate in dividends for the next five years and then the dividend growth rate fols to 5.75 percent indefinitely Assum Investors require a return of percent on SR stock Requirement According to the dividend growth model what should the stock price be today? Do not round intermediate calculations. Round your answer to 2 decimal place leg.12.16 Current store Requirement 2 Sated on these womstions. In the stock currently worked understando comety wa MacBook Air SU . TE NE 2 V 3 $ 4 un 5 6 & 7 . 8 Q 3 E R T Y U S D F G H J N N x V B N * 9 tion command

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