Question $2$

Bartlett Batteries Inc. just paid an annual dividend of

$$0\mathrm{.}59.$ If you expect a constant growth rate of $3\mathrm{.}7\%$ and

have a required rate of return of $7\mathrm{.}9\%,$ what is the

current stock price $

growth dividend model? $($Round to cents, e$.$g$.,$ input

$28\mathrm{.}92$ for $$28\mathrm{.}92)$

Answer $14\mathrm{.}57$ margin of error $\frac{+}{-}0\mathrm{.}01$