Question: Please show all your calculations to get the answer 18.52. Edlund, Inc. just paid a dividend of $1.80 per share. Edlund's dividend growth rate is

Please show all your calculations to get the answer 18.52.

Edlund, Inc. just paid a dividend of $1.80 per share. Edlund's dividend growth rate is 6 percent per year. If the risk-free rate is 2 percent, the market's required rate of return is 13 percent and Edlund's stock beta is 1.3, the stock should be valued at $ per share, according to the dividend discount model. 25.71 x 17.48 18.52 27.26

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