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[ Related to Solved Problem 6 . 2 ] Suppose that Coca - Cola is currently paying a dividend of $ 2 . 6 5

[Related to Solved Problem 6.2] Suppose that Coca-Cola is currently paying a dividend of $2.65 per share, the dividend is expected to grow at a rate of 4% per year, and the rate of return investors require to buy Coca-Cola's stock is 9%. Calculate the price per share for Coca-Cola's stock.
The price per share of Coca-Cola stock is $ (Round your response to two decimal places.)
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