Show calculations please Crisp Cookware's common stock is expected to pay a dividend of...
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Show calculations please
Crisp Cookware's common stock is expected to pay a dividend of \\( \\$ 2.5 \\) a share at the end of this year \\( \\left(D_{1}=\\$ 2.50\ ight) \\); its beta is 0.7 . The risk-free rate is \4.8 and the market risk premium is \5. The dividend is expected to grow at some constant rate, \\( g_{L} \\), and the stock currently sells for \\( \\$ 50 \\) a share. Assuming the market is in equilibrium, what does the market believe will be the stock's price at the end of 3 years (i.e., what is \\( \\widehat{\\mathbf{P}}_{3} \\) )? Do not round intermediate calculations. Round your answer to the nearest cent
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