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Question 2 5 pts A firm's earnings and dividends are expected to decline at a constant rate of 3% per year. The most recent dividend
Question 2 5 pts A firm's earnings and dividends are expected to decline at a constant rate of 3% per year. The most recent dividend (Div0) was $4.6 and the required return on the stock is 11%. The current price of the stock should be $__________. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35).
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