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Question 13 of 15 0 / 1.5 III JNOW ALLEMPL MISLUTY Current Attempt in Progress X Your answer is incorrect. The French Thaler and Company's stock has paid dividends of $1.72 over the past 12 months. Its historical growth rate of dividends has been 7 percent, but analysts expect the growth to slow to 4 percent annually for the foreseeable future. Determine the value of the stock if the required rate of return on stocks of similar risk is 20 percent. (Round answer to 2 decimal places, e.g. 527.52.) Stock value $ 29.81 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit