Problem 9.10 Crane Corp. paid a dividend of $2.36 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Crane require a rate of return of 17 percent, what should be the market price of Crane stock? (Round dividend to 3 decimal places, e.g. 3.756 and round final answer to 2 decimal places, e.g. 15.25.) Market price Click if you would like to Show Work for this question: Qoen Shox Work SUBMIT ANSWER Question Attempts: 0 of 2 used