https:/ewconnectrh education com fio /connect.html?isRegstrue&returnUrl.https%3A%2F%2Fco Saved 8 Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $2 per share dividend to be paid a year from now. the first dividend since the crisis. Analysts expect dividends to increase by $1 a year for another 2 years. After the third year (in which dividends are $4 per share) dividend growth is expected to settle down to a more moderate long-term growth rate of 5%. If the firm's investors expect to earn a return of 15% on this stock, what must be its price? nts 04444 (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current price$ Print References