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Charter Spectrum (Ticker: CHTR) will pay a $2.80 dividend per share at the end of the quarter. Dividends are expected to decline by 3% indefinitely,

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Charter Spectrum (Ticker: CHTR) will pay a $2.80 dividend per share at the end of the quarter. Dividends are expected to decline by 3% indefinitely, and investors require a 5% return on their investment. How much should you pay for CHTR today? Please use three decimals in your calculations (like the example problems), and please round your final answer to two decimal places. For example, your answers should be entered as 8.00%, 5.67%, $45.00, S45.88, etc. Analysts are never able to determine if a stock is overvalued or undervalued. True False O

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