The last dividend paid by Klein, Inc. was $2.20. Klein's growth rate is expected to be 10 percent for two years, after which dividends are expected to grow at a rate of 6 percent forever.  The company's stockholders require a rate of return on equity (k_s) of 11 percent. 

What is the current price of the stock? 

Answer rating: 100% (QA)

To calculate the current price of the stock also known as the present value of all future dividends ... View the full answer