Problem:
Vasudevan Inc. forecasts the dividend per share. If the T-bond rate is 3.25%, firm beta is 1.15%, the market risk premium is 11%, and the dividends are expected to continue growing at the same rate after Year 5 as from Year 3 to Year 4.
Required:
Question: What is the stock price today?
Note: Please describe comprehensively and provide step by step solution.