Question: Question Help The Peterman Company does not currently pay dividends. However, investors expect that, in 6 years, Peterman will pay its first dividend of $1.86

Question Help The Peterman Company does not currently pay dividends. However, investors expect that, in 6 years, Peterman will pay its first dividend of $1.86 per share and will continue to grow at 11% per year forever. If investors require a 13% annual return on the stock, what is the current price? The current price of the stock is $ (Round to the nearest cont.) Enter your answer in the answer box

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