15 A company is planning to pay a dividend of $3.20 and grow the dividend at a constant rate of 3% per year, indefinitely. Further, the return required by share holders is 14%. According to the Gordon Model, what is the price of this firm's common stock? $28.29 O $35.56 O $42.00 $29.09 $37.41

A company is planning to pay a dividend of $3.20 and grow the dividend at a constant rate of 3% per year, indefinitely. Further, the return required by share holders is 14%. According to the Gordon Model, what is the price of this firm's common stock? $28.29 $35.56 $42.00 $29.09 $37.41