Question: Question 19 of 27 Question 19 2 points Save Answer Suppose the current dividends on a stock are $2.6 per share and dividends are expected

Question 19 of 27 Question 19 2 points Save Answer Suppose

Question 19 of 27 Question 19 2 points Save Answer Suppose the current dividends on a stock are $2.6 per share and dividends are expected to increase by 3% per year, forever. If the required rate of return is 8%, what is the value of the stock? (round your answer to 2 decimal places)

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