A stock just paid $2.9 dividend yesterday. The dividend is expected to grow at 2.9% per...

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A stock just paid $2.9 dividend yesterday. The dividend is expected to grow at 2.9% per year thereafter. If the required rate of return of the stock is 9%, then using the dividend discount model, the stock price should be your answer to two decimal places, such as 12.34). (Round 47.54 A stock just paid $2.9 dividend yesterday. The dividend is expected to grow at 2.9% per year thereafter. If the required rate of return of the stock is 9%, then using the dividend discount model, the stock price should be your answer to two decimal places, such as 12.34). (Round 47.54