Answer Happy

Posted: **Wed May 18, 2022 11:41 pm**

: A Stock Just Paid 3 8 Dividend Yesterday The Dividend Is Expected To Grow At 3 7 Per Year Thereafter If The Investor 1 (19.18 KiB) Viewed 16 times

A stock just paid $3.8 dividend yesterday. The dividend is expected to grow at 3.7% per year thereafter. If the investor's required rate of return on the stock is 16.4%, the stock price should be ______ (Round your answer to two decimal places, such as 12.34)