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Snowball Inc. operates in a mature market that is shrinking annually. They currently pay a dividend of $5.30 per share (D0=$5.30), but their dividends are

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Snowball Inc. operates in a mature market that is shrinking annually. They currently pay a dividend of $5.30 per share (D0=$5.30), but their dividends are expected to shrink at a constant rate of 3% annually (g=3% ) for the foreseeable future. If you require an 11% return, what is the most that you would be willing to pay for one share of this stock? $25.75 $29.29 $33.33 $34.64 $36,72

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