Question: Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.72 per share forever. If the risk-free rate is 4.2% and the

Brash Corporation initiated a new corporate strategy that fixes its annual

Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.72 per share forever. If the risk-free rate is 4.2% and the risk premium on Brash's stock is 11.3%, what is the value of Brash's stock? The value of Brash's stock is $. (Round to the nearest cent.)

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