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P7-10 (similar to) Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a lighold dividend payer. From 2015

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P7-10 (similar to) Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a lighold dividend payer. From 2015 through 2018,Seagate paid the following per are dividends Year Dividend per share $247 2018 227 2017 1.86 2018 123 2015 1.54 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constantannual dividend growthre. Use a 21%egured rate of return to find the value of Seagate's stock immediately after paid its 2019 dividend of $2.47 The value of Seagate's stock is (Round to the nearest cont.)

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