connect FINANCE Stock Valuation Question 5 (of 7 value: 714 points Caan Corporation will pay a $2.90 per share dividend next year. The company pledges to increase its dividend by 4 percent per year indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g, 32.16.) Stock price Hints ReferenceseBook&Resources Hint#1 : FI oo F F2 FS 6 F1