Question: Star Light & Power increases its dividend 3.4 percent per year every year. This utility is valued using a discount rate of 14 percent, and

Star Light & Power increases its dividend 3.4 percent per year every year. This utility is valued using a discount rate of 14 percent, and the stock currently sells for $57 per share. If you buy a share of stock today and hold on to it for at least 2 years, what do you expect the value of your dividend check to be 2 years from today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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