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One of the options is Delta Airlines. They have paid an annual dividend of $3.97 for the past 25 years and we expect them to

image text in transcribed One of the options is Delta Airlines. They have paid an annual dividend of $3.97 for the past 25 years and we expect them to continue this indefinitely. Assuming the market requires a(n) 11.9% return from Delta, what is the value of a share of stock? (Answer with 2 decimals.) Caitlynne Lee Darnell And what if we assumed they would start increasing their dividend by 2.5% per year? What would be a fair price to pay in that scenario? (Answer with 2 decimals.)

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