Question: final ans please suppose the current dividends on a stock are 2.4$ per share and dividends are expected to increase by 3% per year ,

final ans please

suppose the current dividends on a stock are 2.4$ per share and dividends are expected to increase by 3% per year , forever . if the required rate of return is 6%, what is the value of stock ?(round the answer to 2 decimal )

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