ABC’s last dividend was $2.1. The dividend growth rate is expected to be constant at 23% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm’s required return (rs) is 13%, what is its current stock price (i.e. solve for Po)?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.

ABC’s last dividend was $2.1. The dividend growth rate is expected to be constant at 23% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm’s required return (rs) is 13%, what is its current stock price (i.e. solve for Po)?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.

ABC’s last dividend was $2.1. The dividend growth rate is expected to be constant at 23% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm’s required return (rs) is 13%, what is its current stock price (i.e. solve for Po)?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.