Question: A Moving to another question will save this response. Question 2 of 4 uestion 2 1 points Save Answ You are evaluating a stock that

 A Moving to another question will save this response. Question 2

A Moving to another question will save this response. Question 2 of 4 uestion 2 1 points Save Answ You are evaluating a stock that just paid a dividend of $3.4. Dividends are expected to grow at a constant rate of 5.5% for long time into the future. The required rate of return on the stock is 12.6%. What is the value of this stock? (round your answer to 2 decimal places, ignore the $ sign in your answer)

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