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please help with econ hw questio [Related to Solved Problem 6.2] Suppose that CocaCola is currently paying a dividend of $2.59 per share, the dividend

please help with econ hw questio

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[Related to Solved Problem 6.2] Suppose that CocaCola is currently paying a dividend of $2.59 per share, the dividend is expected to grow at a rate of 8% per year, and the rate of return investors require to buy Coca-Cola's stock is 11%. Calculate the price per share for Coca-Cole's stock. The price per share of Coca-Cola stock is $|:|. (Round your response to two decimal places.)

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