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A stock fust paid a dividend of $2.90 and is expected to grow its dividends indefinitely at a convtant annual arowth rate of 2.74. Uinea

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A stock fust paid a dividend of $2.90 and is expected to grow its dividends indefinitely at a convtant annual arowth rate of 2.74. Uinea required rate of retum (or discount rate) of 8%, calculate the current fair value tor this stoek. Note: Enter your answer rounded to the nearest cent. For example, if your calculated price is 21.4286 enter it as: 21.43

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