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The Frieza Co.just pand a dividend of $4 per share. They intend to increase the dividend to be paid in one year by 9%. After

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The Frieza Co.just pand a dividend of $4 per share. They intend to increase the dividend to be paid in one year by 9%. After that. dividends will increase by 4% per year forever. If you require a 12% rate of return on your investment in the Frieza Co. how much should you pay for a share of this company's stock today? (Note: You are buying the stock immediately after the $4 dividend is paid.) Round only your final answer. Choose the range that includes the correct answer. Less than $54 O Greater than or equal to $54. but less than $55 Greater than or equal to $55, but less than $56 Greater than or equal to $56, but less than $57 O Greater than or equal to $57

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