Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this y

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Constant Dividend Growth Valuation Boehm Incorporated Is Expected To Pay A 1 60 Per Share Dividend At The End Of This Y 1 (137.12 KiB) Viewed 28 times

Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this year (i.e., D₁ $1.60). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 16%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.