Dividends on CCN corporation are expected to grow at a $9\%$per year. Assume that the discount rate on CCN is $12\%$and that the expected dividend per share in one year is $$0\mathrm{.}50.$CCN has just paid a dividend, so the next dividend is the $$0\mathrm{.}50$to be paid one year from now.

Calculate today's price per share for CCN$.$

$*$Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision. Answer is not $55\mathrm{.}71,18\mathrm{.}17,16\mathrm{.}67$and $16\mathrm{.}17$