Mathematics, 12.12.2021 20:10, jwjohnson20

Tresnan Brothers is expected to pay a $1.30 per share dividend at the end of the year (i. e., D1 = $1.30). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 17%. What is the stock's current value per share? Round your answer to the nearest cent.

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Tresnan Brothers is expected to pay a $1.30 per share dividend at the end of the year (i. e., D1 = $...