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A common stock pays an annual dividend per share of $2.10 . The market capitalization rate
(required return on equity) is 11.0% . If the annual dividend is expected to remain at $2.10 , what
is the value of the stock? Round your answer to two decimal places.

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  • 1. A common stock pays an annual dividend per share of $2.10 . The market capitalization rate (required return on equity) is 11.0% . If the annual dividend is expected to remain at $2.10 , what is the value of the stock? Round your answer to two decimal places.