Question 29 A firm expects to pay an annual dividend of $2.05 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 3.84 percent per year indefinitely. The appropriate discount rate for this stock is 13.47 percent. What is the value of one share of this stock today? $15.80 O $53.39 O $22.11 O $15.22 O $21.29 1 pts Previous

A firm expects to pay an annual dividend of $2.05 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 3.84 percent per year indefinitely. The appropriate discount rate for this stock is 13.47 percent. What is the value of one share of this stock today? $15.80 $53.39 $22.11 $15.22 $21.29