Nonconstant Growth Valuation A company currently pays a dividend of $1.75 per share (D0 = $1.75).
It is estimated that the company's dividend will grow at a rate of 21% per year for the next 2 years, and then at a constant rate o 8% thereafter.
The company's stock has a beta of 1.55, the risk-free rate is 55 and the market risk premium is 4 whats ur estimate of the stock's current price?
Do not round intermediate calculations. Round your answer to the nearest cent.