A stock is anticipated to pay a dividend of $1.50 at the end of the year. The anticipated constant growth rate is 3 percent, and the required rate of...

A stock is anticipated to pay a dividend of $1.50 at the end of the year. The anticipated constant growth rate is 3 percent, and the required rate of return is 8.5 percent. The current stock price is $. Calculate to two decimal points using the following for