Question: Current Attempt in Progress Chris Anderson is interested in purchasing the common stock of Wildhorse, Inc., which is currently priced at $37.30. The company is

Current Attempt in Progress Chris Anderson is interested in purchasing the common stock of Wildhorse, Inc., which is currently priced at $37.30. The company is expected to pay a dividend of $2.58 next year and to increase its dividend at a constant rate of 6.95 percent (a) What should the market value of the stock be if the required rate of return is 14 percent? (Round answer to 2 decimal places e-g. 15.20.) $ Market value of stock

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