Question: Suppose SnapChat announced that it will give $ 1 . 2 8 dividend to it common stockholders next year. It also said that it plans

Suppose SnapChat announced that it will give $1.28 dividend to it common stockholders next year. It also said that it plans to grow future dividends 7% annually for the foreseeable future. If you require a 9% return on your investment, how much are you willing to pay for the stock? (Round your answer to two decimal point)
Suppose SnapChat announced that it will give $1.28 dividend to it

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