< Back to Assignment Attempts: 2. Problem 9.02 Keep the Highest /1 Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $2.5 per share dividend at the end of the year (e, D; $2.5). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, fu, is 18%. What is the stock's current value per share? Round your answer to two decimal places.