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Rewify is expected to pay a dividend of $7.13 per share (that is, D, = 7.13). If Rewify's stock has an expected rate of return
Rewify is expected to pay a dividend of $7.13 per share (that is, D, = 7.13). If Rewify's stock has an expected rate of return of 19.5% and if Rewify's dividends are expected to grow at a rate of 3.4% 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. Your
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