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One of the options is Delta Airlines. They have paid an annual dividend of $4.36 for the past 25 years and we expect them to

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One of the options is Delta Airlines. They have paid an annual dividend of $4.36 for the past 25 years and we expect them to continue this indefinitely. Assuming the market requires a(n) 12.7% return from Delta, what is the value of a share of stock? (Answer with 2 decimals.) 11 $34.33 M Correct! And what if we assumed they would start increasing their dividend by 3.0% per year? What would be a fair price to pay in that scenario? (Answer with 2 decimals.) hell + Submit AC

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