A company is offenng a stable $3 dividend. They expect growth of 2% each year. Current market interest rates are What is the present value of the stock? Answer in the format Round property to two decimal places $0.00 . Do not round intermediary calculations. Use full precision of your calculator or Excel . Do not include commas or dollar signs Example 157835 would be 16 Example 2 3491 would be entered 2.35