Anthony Walker is interested in purchasing the common stock of Sandhill, Inc., which is currently priced at $47.61. The company is expected to pay a dividend of $2.58 next year and to increase its dividend at a constant rate of 8.50 percent. (a) Your answer is incorrect What should the market value of the stock be if the required rate of return is 14 percent? (Round answer to 2 decimal places, e.g. 15.20.) $ Market value of stock eTextbook and Media eTextbook Attempts: 2 of 3 used Save for Later Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above