Question: value 1.00 points Nofal Corporation will pay a $4.15 per share dividend next year. The company pledges to increase its dividend by 6.25 percent per

value 1.00 points Nofal Corporation will pay a $4.15 per share

value 1.00 points Nofal Corporation will pay a $4.15 per share dividend next year. The company pledges to increase its dividend by 6.25 percent per year, indefinitely. Required: If you require a return of 9 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price $

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