Question 6 3/3 View Policies Show Attempt History Your Answer Correct Answer Your answer is correct. You own shares of Sunland DVD Company and are interested in selling them. With so many people downloading music these days, sales, profits, and dividends at Sunland have been declining 8 percent per year. The firm just paid a dividend of $1.85 per share. The required rate of return for a stock this risky is 15 percent. If dividends are expected to decline at 8 percent per year, what is a share of the stock worth today? (Round answer to 2 decimal places, e.g. 15.20.) Worth of share of stock $ 7.40 e Textbook and Media