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  3. sugar ray co. just paid a dividend of do = $1.50.

Sugar Ray Co. just paid a dividend of Do = $1.50. Analysts expect the company's...

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Sugar Ray Co. just paid a dividend of Do = $1.50. Analysts expect the company's dividend to grow by 28% this year, by 28% in Year 2, and at a constant rate of 7% in Year 3 and thereafter. The required return on this low-risk stock is 13%. What is the best estimate of the stock's current market value, $ xxx.xx, no $ sign

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