- / 12.5 Question 7 of 8 View Policies Current Attempt in Progress Donna Clark owns shares in Pharoah Corp. Currently, the market price of the stock is $34.23. Management expects dividends to grow at a constant rate of 6 percent for the foreseeable future. Its last dividend was $3.05. Donna's required rate of return for such stocks is 16 percent. She wants to find out whether she should sell her shares or add to her holdinys. (a) What is the value of this stock? (Round intermediate calculations to 3 decimal places, s. 15.251 and final answer to 2 decimal places, ag. 15.25.) Value of stock $