Principles of financial management hw5 question8

= Homework: HW 5 (Ch. 8) Question 8, Problem 8-1... HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save (Common stock valuation) Herrera Motor Inc. paid a $2.75 dividend last year. At a constant growth rate of 3 percent, what is the value of the common stock if the investors require a rate of return of 19 percent? The value of the Herrera Motor common stock is $. (Round to the nearest cent.)