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III Homework: Homework 8 Spring 2022 e Question 4, P10-4 (similar to) HW Score: 79.26%, 14.27 of 18 points Points: 0 of 1 Save (Common
III Homework: Homework 8 Spring 2022 e Question 4, P10-4 (similar to) HW Score: 79.26%, 14.27 of 18 points Points: 0 of 1 Save (Common stock valuation) Gilliland Motor, Inc., paid a $3.64 dividend last year. I Gililand's retum on equity is 32 percent, and its retention rate is 27 percent, what is the value of the common stock if the investors require a rate of return of 21 percent? The value of the common stock is $. (Round to the nearest cent.)
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