What is the current per-share value of JRM Corporation to an investor who requires a 16 percent

Question:

What is the current per-share value of JRM to an investor who requires a 16 percent annual rate of return, if JRM’s current per-share is $2 and is expected to remain at $2 for the foreseeable future?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...