Question $2(5$ points$)$

ABC stock just paid $$4\mathrm{.}50$ in dividends per share. If the required return is $6\mathrm{.}00\%$ and

the dividends are expected to grow at $2\mathrm{.}4\%,$ how much is this stock worth today?

$($Round your answer to the nearest hundredth; two decimal places$)$

Your Answer:

Answer