Question: Currently, Queen Inc. pays no dividends. However, analysts forecast that in 3 years Queen Inc. will pay its first annual dividend of $2.05 and dividends

Currently, Queen Inc. pays no dividends. However, analysts forecast that in

Currently, Queen Inc. pays no dividends. However, analysts forecast that in 3 years Queen Inc. will pay its first annual dividend of $2.05 and dividends will grow at 1.5% per year thereafter. If stocks with similar risk to the equity of Queen Inc. currently earn 10.6%, estimate the current share price of Queen Inc. Enter your answer below rounded to 2 DECIMAL PLACES. Number

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