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

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

Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2018 through 2022, Seagate paid the following per-share dividends: Year Dividend per share 2022 $2.57 2021 2.29 2020 1.81 2019 1.18 2018 1.51 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 20% required rate of return to find the value of Seagate's stock immediately after it paid its 2022 dividend of $2.57. The value of Seagate's stock is SL (Round to the nearest cent)

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