Question: Please be sure about answer. Got it wrong thanks. Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and
Please be sure about answer. Got it wrong thanks.
Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a consistent dividend payer. From 2018 through 2022, Seagate paid the following per-share dividends: Year Dividend per share 2022 $2.48 2021 2.22 2020 1.78 2019 1.23 1.49 2018 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 19% required rate of return to find the value of Seagate's stock immediately after it paid its 2022 dividend of 52.48. The value of Seagate's stock is $13.58. (Round to the nearest cent.)
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