Question 6 2 pts Amid the frenzy surrounding Pokemon Go, Nintendo stock soared during mid-July 2016 reaching a high of $38.25 on July 18. On July 24, 2016, Nintendo announced that it expected earnings per share to be $0.36 over the following year. As a result, analysts estimated the dividend per share to be $0.21 next year. We can estimate the expected return on Nintendo stock using an asset pricing model such as the CAPM. Suppose that the risk-free rate is 2.4% and that the expected return on the market is 6.4% Using the discount rate calculated in part (a), calculate the value of a share of Nintendo stock if it pays a dividend of $0.21 per share (each year) forever. (Round your answer to nearest cents. For example, if your answer is $42.231, write 42.32.) Question 6 2 pts Amid the frenzy surrounding Pokemon Go, Nintendo stock soared during mid-July 2016 reaching a high of $38.25 on July 18. On July 24, 2016, Nintendo announced that it expected earnings per share to be $0.36 over the following year. As a result, analysts estimated the dividend per share to be $0.21 next year. We can estimate the expected return on Nintendo stock using an asset pricing model such as the CAPM. Suppose that the risk-free rate is 2.4% and that the expected return on the market is 6.4% Using the discount rate calculated in part (a), calculate the value of a share of Nintendo stock if it pays a dividend of $0.21 per share (each year) forever. (Round your answer to nearest cents. For example, if your answer is $42.231, write 42.32.)