Question: Problem 9.06 Your answer is incorrect. Try again. Blossom, Inc., paid a dividend of $3.50 last year. The company's management does not expect to increase

Problem 9.06 Your answer is incorrect. Try again. Blossom, Inc., paid

Problem 9.06 Your answer is incorrect. Try again. Blossom, Inc., paid a dividend of $3.50 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 10.0 percent, what is the current value of the stock? (Round answer to 2 decimal places, e.g. 15.25.) Current value 38.50 Click if you would like to Show Work for this question: Qpen Show Work

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