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,

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 high-yield dividend payer. From 2018 through 2022, Seagate paid the following per-share dividends: Year Dividend per share 2022 2021 2020 2019 2018 $2.57 2.29 1.81 1.18 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 S (Round to the nearest cent.)

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