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Waller Co. (WAG) paid a $0.157 dividend per share in 2006, which grew to $0.346 in 2012. This growth is expected to continue. What is

Waller Co. (WAG) paid a $0.157 dividend per share in 2006, which grew to $0.346 in 2012. This growth is expected to continue.

What is the value of this stock at the beginning of 2013 when the required return is 15.7 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)

Stock value

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