Question: Caterpillar stock has an expected return is 14.56% per year (not a holding period return) and Caterpillar is expected to pay a $2.17 Dividend indefinitely

Caterpillar stock has an expected return is 14.56% per year (not a holding period return) and Caterpillar is expected to pay a $2.17 Dividend indefinitely (forever). Find the price of Caterpillar stock if the dividend is paid quarterly and the next dividend will be paid later today.

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