The most recent dividend paid by company J was 2.45 per share. You think dividends will grow at a constant rate of 2.1% per year-i.e. the next dividend will be greater than the most recent one. Assume that the required rate of return for investors is 6.0%. According to the Dividend Discount Model, what should be price per share?

The most recent dividend poid by comparv I was 2.45 per share. You think dividends will prow at a constant rate of 2.1% per vear - ie the neet dividend wil be preater than the most recent one. Assume that the required rate of return for imestors is 6.0W. Accordirg to the Dividend Descount Modet, what should be parice per share