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Problem 13 You have until 9:25 PM to complete this assignment. Intro IBM just paid an annual dividend of $3.1 per share. The dividend is

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Problem 13 You have until 9:25 PM to complete this assignment. Intro IBM just paid an annual dividend of $3.1 per share. The dividend is expected to grow by 5% per year. The required rate of return is 12%. Part 1 | Attempt 1/3 for 10 pts. What is the best estimate of the stock price in 8 years? 1+ decimals Submit

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