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Question 11 5 points Saved The Daffodil Company has just paid a dividend of $3.00 per share this past year. The company has stated that

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Question 11 5 points Saved The Daffodil Company has just paid a dividend of $3.00 per share this past year. The company has stated that it will maintain a constant dividend growth rate of 2% well into the future. Investors require a 10% return on on investments of this type of risk. Based on the dividend growth model, what would be the value of the stock today? Round your answer to two decimal places. Do not include the dollar sign. 38.25 > A Moving to another question will save this response. >>

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