eBook Problem 7-02 Constant Growth Valuation Boehm Incorporated is expected to pay a 51.50 per share dividend at the end of this year (t.e, D2 = $1.50). The dividend is expected to grow at a constant rate of 8% a year. The required rate of retum on the stock, ter 15 20%. What is the estimated valun per share of Boehm's stock? Round your answer to the nearest cent