Question: Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a consistent dividend payer. From 2018 through 2022,

Common stock value: Constant growth Seagate Technology is a global leader in

Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a consistent dividend payer. From 2018 through 2022, Seagate paid the following per-share dividends: Year 2022 Dividend per share $2.55 2021 2.28 2020 1.82 2019 2018 1.18 1.52 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 18% required rate of return to find the value of Seagate's stock immediately after it paid its 2022 dividend of $2.55. The value of Seagate's stock is $ (Round to the nearest cent.)

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