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Diane's Designs Inc. is expected to pay the following dividends over the next four years: $13.40, $9.40, $8.40, and $3.90. Afterward, the company pledges
Diane's Designs Inc. is expected to pay the following dividends over the next four years: $13.40, $9.40, $8.40, and $3.90. Afterward, the company pledges to maintain a constant 6% growth rate in dividends forever. If the required return on the stock is 12%, what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current share price
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