PRINTER VERSION TORN Problem 9.08 William Brown is interested in buying the stock of First National Bank. While the bank's management expects no growth in the near future, William is attracted by the dividend income. Last year the bank paid a dividend of $5.80. If William requires a return of 12.5 percent on such stocks, what is the maximum price he should be willing to pay for a share of the bank's stock? (Round answer to 2 decimal places, e.g. 15.25.) Maximum prices Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Study Question Attempts: 0 of 2 used