Question 21 A firm expects to pay an annual dividend of $1.8 per share on its stock one year from today. Based on the historical dividend payment pattern, an analyst assumed the dividend will grow at a constant rate of 1.97 percent per year indefinitely. The appropriate discount rate for this stock is 15.64 percent. What is the value of one share of this stock today? O $11.51 $13.43 O $11.74 $13.17 1 p $91.37

A firm expects to pay an annual dividend of $1.8 per share on its stock one year from today. Based on the historical dividend payment pattern, an analyst assumed the dividend will grow at a constant rate of 1.97 percent per year indefinitely. The appropriate discount rate for this stock is 15.64 percent. What is the value of one share of this stock today? $11.51 $13.43 $11.74 $13.17 $91.37