Symon's Suppers Co. has announced that it will pay a dividend of $4.41 per share one year

Fantastic news! We've Found the answer you've been seeking!

Question:

Symon's Suppers Co. has announced that it will pay a dividend of $4.41 per share one year from today. Additionally, the company expects to increase its dividend by 4.1 percent annually. The required return on the company's stock is 11.5 percent. What is the current share price?