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Margaret Moore is interested in buying the stock of Carla Vista, Inc., which is increasing its dividends at a constant rate of 7.4 percent. Last

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Margaret Moore is interested in buying the stock of Carla Vista, Inc., which is increasing its dividends at a constant rate of 7.4 percent. Last year the firm paid a dividend of $2.65. The required rate of return is 19.05 percent. What should be the price of the stock in year 5 ? (Round answer to 2 decimal places, e.g. 15.20.) Price of stock in year 5 $

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