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Problem 8-29 Constant Growth Stock Valuation (LG8-5) Waller Co. (WAG) paid a $0.143 dividend per share in 2006, which grew to $0.303 in 2012. This

Problem 8-29 Constant Growth Stock Valuation (LG8-5) Waller Co. (WAG) paid a $0.143 dividend per share in 2006, which grew to $0.303 in 2012. This growth is expected to continue. What is the value of this stock at the beginning of 2013 when the required return is 14.3 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)

Stock value $_____

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