Question: 6 DO 2 points Suppose analysts believe HeupelCo stock will pay annual dividends of $3.20 and $3.95 in each of the next two years, with

6 DO 2 points Suppose analysts believe HeupelCo stock will pay

6 DO 2 points Suppose analysts believe HeupelCo stock will pay annual dividends of $3.20 and $3.95 in each of the next two years, with the first dividend payment occurring one year from today. Analysts also think HeupelCo will be worth $33 per share immediately after the it pays its second annual dividend (i.e., exactly two years from today). What is a fair price for HeupelCo stock today if the required rate of return is 12.6%? Round your answer to the nearest penny. Type your

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