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Assume a corporation has just paid a dividend of $ 1 . 5 1 per share. The dividend is expected to grow at a rate

Assume a corporation has just paid a dividend of $ 1.51 per share. The dividend is expected to grow at a rate of 4.4% per year forever, and the discount rate is 8.4%.
What should be the amount paid as a dividend per share next year?
Enter your answer in terms of dollars, rounded to 2 decimals, and without the dollar sign. So, if your answer is 3.1416, just enter 3.14.

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