Current Attempt in Progress Grouper Clothiers Ltd's current dividend is $3.90. Dividends are expected to grow by 9 percent for years 1 to 3,4 percent for years 4 to 7, and 3 percent thereafter. The required rate of return on the stock is 12 percent. What is the current stock price for Grouper? (Round intermediate calculations to 4 decimal places, e.g. 45.1771 and final answer to 2 decimal places, e.g. 45.17.) Stock price Save for Later

Grouper Clothiers Ltd.'s current dividend is $3.90. Dividends are expected to grow by 9 percent for years 1 to 3,4 percent for years 4 to 7 , and 3 percent thereafter. The required rate of return on the stock is 12 percent. What is the current stock price for Grouper? (Round intermediate calculations to 4 decimal places, e.g. 45.1771 and final answer to 2 decimal places, e.g. 45.17.) Stock price $