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Rewify is expected to pay a dividend of $10.12 per share (that is, D. = 10.12). If Rewify's stock has an expected rate of return
Rewify is expected to pay a dividend of $10.12 per share (that is, D. = 10.12). If Rewify's stock has an expected rate of return of 17.7% and if Rewify's dividends are expected to grow at a rate of 4.4% per year forever, what is the equilibrium price of Rewify's stock? Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13,294.287342 as 13294.29
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