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XYX Co. increases its dividend 3.46 percent per year every year. This firm is valued using a discount rate of 7.35 percent, and the stock

XYX Co. increases its dividend 3.46 percent per year every year. This firm is valued using a discount rate of 7.35 percent, and the stock currently sells for $49.98 per share. If you buy a share of stock today and hold on to it for at least three years, what do you expect the value of your dividend check (in $) to be three years from today? Answer to two decimals with intermediate calcs. to four decimals.

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