Check my work 15 Carter Communications does not currently pay a dividend. You expect the company to begin paying a dividend of $2.40 per share in 14 years, and you expect dividends to grow perpetually at 3.4 percent per year thereafter. If the discount rate is 10 percent, how much is the stock currently worth? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10 points Price eBook Print References