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A stock just paid a dividend of D0 = $2.3. The required rate of return is rs = 11.7%, and the constant growth rate is g = 4.7%

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January 10th, 2018

A stock just paid a dividend of D0 = $2.3. The required rate of return is rs = 11.7%, and the constant growth rate is g = 4.7%. What is the current stock price?Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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