Question: Please show work. If your stock pays a dividend Do = $1.33 at t = 0.and will experience a constant growth of 5.4 percent forever

Please show work. If your stock pays a dividend Do = $1.33 Please show work.

If your stock pays a dividend Do = $1.33 at t = 0.and will experience a constant growth of 5.4 percent forever into the future, what should be the price of the stock if the required return for such stocks is 8.3 percent? Answer to the nearest cent, XXX.XX and enter without the dollar sign

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