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7. Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that

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7. Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the expected dividend per share in one year is $0.50. CCN has just paid a dividend, so the next dividend is the $0.50 to be paid one year from now. Calculate today's price per share fo CCN. *Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision

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