am i doing this correctly? please show the steps for the algebra.

ANSWER 9.10 Constant growth: Moriband Corp. paid a dividend of $2.15 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Moriband require a rate of return of 15 percent, what should be the market price of Moriband stock? t i owine at a constant rate of 6.5 percent. The firm's last 8 0 lD mes+ X.26 hin