Biarritz Corp, is growing quickly. Dividends are expected to grow at a rate of 6.25 percent for the next two years, with the growth rate falling off to a constant 4.25 percent thereafter. If the required return is 8.82 percent and the company just paid a dividend of $3.3, what is the current share price?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16; include a negative sign if the answer is negative.)
