Question 20 (5 points) A company paid $15 per share in dividend this year, the company expects to grow at the rate of 5% per year in the foreseeable future. the shareholders though expect a return of 8% every year from investing in the company. What price should they offer for a share of the stock $550 $500 $600 $650

A company paid $15 per share in dividend this year, the company expects to grow at the rate of 5% per year in the foreseeable future. the shareholders though expect a return of 8% every year from investing in the company. What price should they offer for a share of the stock $550 $500 $600 $650