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Kelso Corporation just paid a dividend of D_0 = $0.90 per share, and that dividend...

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Accounting

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Kelso Corporation just paid a dividend of D_0 = $0.90 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.70, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Your answer should be between 8.22 and 37.40, rounded to 2 decimal places, with no special characters

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