Problem 9.02 (Constant Growth Valuation) Question 9 of 20 Check My Work (3 remaining) eBook Tresnan Brothers is expected to pay a $2.40 per share dividend at the end of the year (i.e., D1 = $2.40). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 16%. What is the stock's current value per share? Round your answer to the nearest cent. $