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i could use some help ASAP on this question it is timed please and thanj you Question 15 2 pts A stock just paid $2.4

i could use some help ASAP on this question
it is timed please and thanj you
image text in transcribed

Question 15 2 pts A stock just paid $2.4 dividend yesterday. The dividend is expected to grow at 4% per year thereafter. If the required rate of return of the stock is 11.1%, then using the dividend discount model, the stock price should be (Round your answer to two decimal places, such as 12.34).

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