A company just paid a dividend of $1.30 per share. The consensus forecast of financial analysts is a dividend of $1.90 per share next year and $2.30 per share two years from now. Thereafter, you expect the dividend to grow 6% per year indefinitely into the future. If the required rate of return is 10% per year, what would be a fair price for this stock today? (Answer to the nearest penny.) Selected Answer: Incorrect [None Given] Correct Answer: Correct 54.00 0.01 please explain how the answer is 54.00