Question: Boehm Incorporated is expected to pay a $ 2 . 1 0 per share dividend at the end of this year ( i . e

Boehm Incorporated is expected to pay a $2.10 per share dividend at the end of this year (i.e., D1= $2.10). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 19%. What is the estimated value per share of Boehm's stock? Round your answer to the nearest cent.

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