Question: The risk - free rate is 3 . 7 8 % and the market risk premium is 7 . 8 2 % . A stock

The risk-free rate is 3.78% and the market risk premium is 7.82%. A stock with a of 0.80 just paid a dividend of $2.33. The dividend is expected to grow at 20.54% for five years and then grow at 3.00% forever. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
The risk - free rate is 3 . 7 8 % and the market

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