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A stock is expected to pay a dividend of $2.3 at the end of this year (this is Div1), and it should continue to grow
A stock is expected to pay a dividend of $2.3 at the end of this year (this is Div1), and it should continue to grow at a constant rate of 4.8% per year forever. If its required return is 10.5%, the stock's price today should be $ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- .05
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