A company currently pays a dividend of $3 per share (Do = $3). It is estimated that the company's dividend will grow at a rate of 25% per year for the next 2 years, and then at a constant rate of 8% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 7%,
and the market risk premium is 3.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round
Evour answer to me nearest con