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Business, 10.09.2019 21:20 abby4902

Acompany currently pays a dividend of $2.2 per share (d0 = $2.2). it is estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years, and then at a constant rate of 7% thereafter. the company's stock has a beta of 1.4, the risk-free rate is 6.5%, and the market risk premium is 2%. what is your estimate of the stock's current price? do not round intermediate calculations. round your answer to the nearest cent.

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