Question: I'm studying for a test and have a practice problem I cant figure out. Company A just paid a dividend of $1 per share. The

I'm studying for a test and have a practice problem I cant figure out.

Company A just paid a dividend of $1 per share. The projected grow rate for dividends is 40% for year 1, 30% for year 2, and then settles to a constant rate of 5% in the years thereafter. If the beta of the companys equity is 1.3, the risk free rate is 4% and the market return is 9% calculate the expected price of the stock.

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