" ABC " Company expects to pay dividends with an amount equal to $ 3.00 per share on its common stock at the end of this year . Moreover , The " ABC " Company value of the dividend is expected to grow 25 % per year until year 3 , after which time the dividend is expected to grow at a constant rate of 5 % per year . The stock's beta is 1.2 , the risk - free rate of interest is 6 % , and the rate of return on the market is 11 % . Based on the above - given information , What is the company's current stock price ?