# Question: a stock is expected to pay a dividend of 165...

###### Question details

A stock is expected to pay a dividend of $1.65 at the end of the
year. The required rate of return is r_{s}= 9.32%, and the
expected constant growth rate is g = 7.2%. What is the stock's
current price?

Round your answer to two decimal places. For example, if your
answer is $345.6671 round as 345.67 and if your answer is .05718 or
5.7182% round as 5.72.