Question: 7 2.5 points You expect a stock's future dividends will grow at a constant rate of 2.3% per year. If its next expected dividend of

7 2.5 points You expect a stock's future dividends will grow

7 2.5 points You expect a stock's future dividends will grow at a constant rate of 2.3% per year. If its next expected dividend of $4 will occur one year from now and the the stock's required rate of return is 8.8%, what do you expect the price to be one year from now, immediately after the first dividend is paid? Round your answer to the neares penny. Type your

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