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A stock is expected to pay a dividend of $3.8 at the end of this year (this is Div1), and it should continue to grow

image text in transcribed A stock is expected to pay a dividend of $3.8 at the end of this year (this is Div1), and it should continue to grow at a constant rate of 6.2% per year forever. If its required return is 10.4%, the stock's price today should be $ Margin of error for correct responses: +/- .05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35)

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