constant growth valuation

Problem 9.02 (Constant Growth Valuation) Question 2 of 8 Check My Work (2 remaining) B eBook Tresnan Brothers is expected to pay a $2.10 per share dividend at the end of the year (1.e., D1 = $2.10). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 12%. What is the stock's current value per sha Round your answer to the nearest cent. $