Question: Please see the question below, thanks. IBM's dividend payments from 2017 - 2019: Dividend Amount It's 2020, and IBM has just paid its 2019 dividend.

Please see the question below, thanks.

IBM's dividend payments from 2017 - 2019: Dividend Amount It's 2020, and IBM has just paid its 2019 dividend. Using the table above, you want to estimate IBM's current stock price. Assuming historical dividend growth is a reasonable proxy for the future, you estimate that IBM will continue to grow its dividends. forever, at the same rate it has demonstrated over the past 3 years. If the required rate of return on this stock is 10 percent, what is the current stock price? (Round to 2 decimal places)

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