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Question 2 1 pts The Island Tourist Company, Inc. just paid a dividend of $3.00 per share, and that dividend is expected to grow at

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Question 2 1 pts The Island Tourist Company, Inc. just paid a dividend of $3.00 per share, and that dividend is expected to grow at a constant rate of 4.25% per year in the future. The company's required rate of return on the stock is 11.50%. At what price should the company's stock sell? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $123.456 then enter as 123.46 in the answer box

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