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first picture is just information I need the answer to the part that has the 2.7% Darnell One of the options is Delta Airlines. They

image text in transcribedimage text in transcribedfirst picture is just information I need the answer to the part that has the 2.7%

Darnell One of the options is Delta Airlines. They have paid an annual dividend of $4.13 for the past 25 years and we expect them to continue this indefinitely Assuming the market requires a(n) 12.3% return from Delta, what is the value of a share of stock? (Answer with 2 decimals.) Darnell And what if we assumed they would start increasing their dividend by 2.7% per year? What would be a fair price to pay in that scenario? (Answer with 2 decimals.)

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