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SameOld, Inc. has been expanding a relatively constant annual rate and it recently paid a dividend noted below. However, investors expect SameOld to continue paying

SameOld, Inc. has been expanding a relatively constant annual rate and it recently paid a dividend noted below. However, investors expect SameOld to continue paying dividends, which are expected to grow at the historical rate given below. If the required return on the stock is r_s, what is the value of the stock today (P₀)?

INPUT DATA

D_{0 =}$2.45

g = 5.00%

r_{S =}14%

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