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The stock of Robotic Atlanta Inc. is trading at $ 32.65 per share. In the past, the form has paid a constant dividend of $

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The stock of Robotic Atlanta Inc. is trading at $ 32.65 per share. In the past, the form has paid a constant dividend of $ 4.25 per share and it has just paid an annual dividend (i.e., DO = 4.25 ). However, the company will announce today new investments that the market did not know about. It is expected that with these new investments, the dividends will grow at 4.4% forever. Assuming that the discount rate remains the same, what will be the price of the stock after the announcement

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