Question: USE THE CONSTANT GROWTH MODEL OR IT WILL BE WRONG PLEASE AND THANK YOU Darnell What about Kraft Heinz. They currently pay an annual dividend

USE THE CONSTANT GROWTH MODEL OR IT WILL BE WRONG PLEASE AND THANK YOU

Darnell What about Kraft Heinz. They currently pay an annual dividend of $4.25 and we expect that to grow at a constant rate of 2.6%. Assuming the market requires a(n) 8.7% return from Kraft Heinz, what is their stock worth? (Answer with 2 decimals.)

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