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25) CO Corp just paid a dividend (today) of $3.00 per share on its stock. The dividends are expected to grow at a constant 10%
25) CO Corp just paid a dividend (today) of $3.00 per share on its stock. The dividends are expected to grow at a constant 10% per year indefinitely. If investors require a 13% return on CO stock, what will the price be in 10 years? (10 years from today) Please put your answer on the blank line on the answer sheet. Please record your answer in dollars and cents (like I did for the dividend of $3.00)
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