connect Assignment 7 Question 8 (of 8) value 10.00 points Holyrood Co just paid a dividend of $1.50 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Holyrood stock is 15 percent, what will a share of stock sell for today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price References eBook &Resources Worksheet Learning Obiective: 08-01 How Type here to search bp