Question: Check My Work (5 remaining) Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $2.2

Check My Work (5 remaining) Click here to read the eBook:

Check My Work (5 remaining) Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $2.2 per share dividend at the end of the year (i.e., D1 = $2.2). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 16%. What is the stock's current value per share? Round your answer to two decimal places

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