You are considering purchasing the stock of Arnold Incorporated stock which is expected to pay a dividend of $6. The stock is currently selling for $50 and is expected to have dividend growth of 5% based on its past revenue growth. Currently, the S\&P is returning an average of 12% which results in a required return for this stock of 15%. How much should you pay for this stock? (6) V=rsgD1rs=rRF+B(rmrRF)r^=PD1+g Edit View insert Format Tools Table