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Jon stock just paid a quarterly dividend of $1.39 per share (d0 = 1.39). Jon''s dividends are expected to grow at a rate of 4%

Jon stock just paid a quarterly dividend of $1.39 per share (d0 = 1.39). Jon''s dividends are expected to grow at a rate of 4% APR compounded quarterly over the next 6 years, and then remain constant (zero-growth) forever after that point in time. Using the dividend discount model, what is the price of the stock today if the required return is 12% APR compounded quarterly?

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