6 Problem 7-16 Nonconstant Dividends (LO 1) Bon Chance, Inc., has an odd dividend policy. The company has just paid a dividend of $9.00 per share and has announced that it will increase the dividend by $7.00 per share for each of the next four years, and then never pay another dividend. 11.11 points If you require a return of 12 percent on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook References Current share price