Question: Wolfe Inc.'s most recent dividend was $2.00 per share (D 0 = $2.00). The dividend is expected to grow at a rate of 5.5% per

Wolfe Inc.'s most recent dividend was $2.00 per share (D₀= $2.00). The dividend is expected to grow at a rate of 5.5% per year. The risk-free rate is 4.25% and the market risk premium is 6%. If the company's beta is 1.25, what is the price of the stock today?

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