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D Question 21 1 pts Plante Corporation pays a dividend of $1.97 per year, which is expected to grow at a rate of 3% per
D Question 21 1 pts Plante Corporation pays a dividend of $1.97 per year, which is expected to grow at a rate of 3% per year. Plante has a cost of capital of 11%, and an EPS of $2.67. Its competitor, Hull Inc., pays a yearly dividend of $1.25 per year, which is expected to grow at a rate of 6% per year. Hull has an EPS of $4.05. What would be the expected price of Hull stock, if estimated using the method of comparables? Round to 2 decimal places. i.e. 1.00 for $1.00 per share
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