2 pts Question 11 A corporation's common stock paid a $1.50 dividend for the year just ended, and the annual dividend growth rate has been 6% for several years. Assume the P/E Ratio for similar companies is 14.7, and the company's Return on Equity is 11%. Its Earnings per Share is $4.20. The market or required rate of return on similar investments is 9%. Estimate the price or value per share using the Dividend Constant Growth Model. O $53.00 O $31.80 O $30.00 $50.00