ment: Week 4: Homework Submit Assignment for Grading mns Problem 7-09 (Nonconstant Dividend Growth Valuation) Quest Check My Work eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.4 per share (Do- $1.4). It is estimated that the company's dividend will grow at a rate of 15% per year for the next 2 years, and then at a constant rate of 5% thereafter. The company's stock has a beta of 1.1, the risk-free rate is 10%, and the market risk premium is 6. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent $ 29.87 Hide Feedback Incorrect Check My Wark