Question: PLEASE HELP ASAP Suppose a stock has a required return of 11 percent. You expect the next two annual dividends are $2.22 and $4.87. The

PLEASE HELP ASAP

Suppose a stock has a required return of 11 percent. You expect the next two annual dividends are $2.22 and $4.87. The thind dividend and beyond will grow at a constant 2 percent forever. What is the current price of the stock? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter ti in the bor beowe)

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