Question: When inputting an answer, the sheet automatically displays the required decimal places. If you need to use a calculated number for further calculations, DO NOT

When inputting an answer, the sheet automatically displays the required decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to the required decimal places.

Q1) Suppose Nabisco Corporation just issued a dividend of $1.72 per share yesterday. Subsequent dividends will grow at a constant rate of 7.02% indefinitely. If the required rate of return for this stock is 16.41% , what is the value of a share of common stock today? (2 points)

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