Question: I'm having trouble with this homework example. Please help. Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this

I'm having trouble with this homework example. Please help. Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this year (i.e., D1= $1.60). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 17%. What is the estimated value per share of Boehm's stock? Round your answer to the nearest cent.

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