QUESTION $7$

Company D is expected to pay a $$4\mathrm{.}39$ dividend at the end of the $4$ th year. You expect Company D$\text{'}$s dividend to grow by $1\mathrm{.}25\%$ per year forever. Company D$\text{'}$s equity cost of capital is $10\mathrm{.}00\%.$ What should be the price of the stock today?

NOTE: Enter the number rounding to two decimals. If your answer is $$5\mathrm{.}6786,$ your answer must be $5\mathrm{.}68.$