A company currently provides an 6% rate of return. increases its dividends at a constant rate of each year. The next annual dividend is expected to be $2.50 per share. How much are you willing to pay for this stock?

A company currently provides an 6% rate of return. It increases its dividends at a constant rate of 2% each year. The next annual dividend is expected to be $2.50 per share. How much are you willing to pay for this stock