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Listen (Estimated time allowance: 8 minutes) One Corp. is start-up company and therefore is not paying dividends for the next 6 years. At the following

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Listen (Estimated time allowance: 8 minutes) One Corp. is start-up company and therefore is not paying dividends for the next 6 years. At the following year, One will start paying an annual dividend of $5 per share and thereafter it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 10%, what is the price of this stock today? Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest cent. For example if you obtain $1,432.728 then enter 1,432.72; if you obtain $432 then enter 432.00 Your

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