Question: If you can please bold the answer. 4 Stoneworks, Inc., has an odd dividend policy. The company has just paid a dividend of $6 per

If you can please bold the answer.

4 Stoneworks, Inc., has an odd dividend policy. The company has just paid a dividend of $6 per share and has announced that it will increase the dividend by $5 per share for each of the next five years, and then never pay another dividend. If you require a return of 12 percent on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 10 points Current share price Skipped eBook Print

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